Reported 2 days ago
Ned Davis Research, which has maintained a bullish stance on US equities for over a year, is considering a reduction in its stock exposure if the recent market weakness continues. The firm’s chief strategist Tim Hayes is monitoring key indicators that suggest potential downturns in the market. If its Stock/Bond Composite drops below 40%, which currently sits around 60%, the firm may alter its 70% allocation in domestic stocks. Hayes remains cautiously optimistic about the market despite some signs of stagnation in earnings growth and the recent halt in technology rallies.
Source: YAHOO