America's money managers lean bullish on stocks over the coming year. But they don’t agree on how to invest, with debates over valuations, political risk, and the path of Covid-19. Here are our findings from the latest @barronsonline Big Money Poll: barrons.com/articles/u-s-m…
25% of poll respondents expect technology to be the best-performing sector, while 24% predict it will be the worst. Proponents cite fast growth and businesses that don’t need a strong economy. Skeptics point to pricey stocks and the threat of antitrust action for Big Tech firms.
There are some emerging markets bulls, who see a weaker U.S. dollar and an improving global economy boosting stocks in those areas, where valuations look attractive relative to the S&P 500. But a plurality expects staying domestic to be the winning strategy in the next year.
One area where Big Money managers all agree? That they’d rather be in stock than Treasuries or corporate bonds these days. Few see interest rates rising anytime soon, and most are hunting for yield in other areas like convertible debt, bank loans, or dividend-paying stocks.
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