The S&P 500 could be set for another pullback before year-end amid ‘euphoric positioning’ from investors, RBC says
|11/12/2019||Posted by BusinessMediaguide.Com under General World News||
- The S&P 500 index could be poised for another pullback before the end of year as valuations continue to rise, according to RBC Capital Markets.
- The firm is also warning of “euphoric positioning” by institutional investors as US equity futures positioning climbs toward peak levels for the year.
- Stocks have notched several all-time highs in recent weeks amid optimism around a US-China trade deal and better-than-expected corporate earnings.
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