Little Love for Stocks as S&P 500
Hits All-Time Highs
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The S&P 500 closed at all-time highs this week; is Wall Street totally in love with stocks?
See the pair of charts below. The one on the left was shared with Premium Members on July 13th last year, reflecting the lowest exposure to stocks by Wall Street strategists in the past 15-years. Little love for equities for sure! Since then the S&P 500 is up 16%. Have Wall Street strategists now fallen in love with stocks?
The chart on the right shows that the average strategist allocation to stocks currently stands at 49%, still below the average exposure over the past 15-years and well below the 2000 exposure highs of 70% allocation to stocks.
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