Just as stocks suffer their first real stumble of the year, fund managers are growing more bullish on stocks and the economy, according to Citigroup’s latest institutional client survey. “Investors have responded to higher stock prices by… expecting even higher stock index levels,” Tobias Levkovich says. The managers continue to crave tech stocks, already the best performers this year, and shun utilities.
Just as stocks suffer their first real stumble of the year, fund managers are growing more...
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