Like stuck card players trying to win it all back in one hand, equity bulls are dialing up risk appetites at the tail-end of a brutal year. Know more:
Like stuck card players trying to win it all back in one hand, equity bulls are dialing up risk appetites at the tail-end of a brutal year.
“You’ve just got a tough market in terms of folks hoping for signs of some reprieve, but realizing that conditions are still relatively tough,” said Lisa Erickson, senior vice president and head of public markets group at US Bank Wealth Management. “We are more skeptical that this rally is durable regardless of which sector or which style like value or growth is leading it.”
More than $10 trillion has been added to equity values as stocks bounced from their bear-market lows in October. Along the way, familiar signs surfaced showing money managers who previously cut equity holdings to the bone are warming up to the market.
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