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[$$] Stock Market Bulls Re-Emerge After Bruising Selloff
Money managers are doubling down on stocks after a brutal October selloff, as cheaper valuations and the potential for continued profit gains help support a rebound among equities. UBS Group AG said Thursday it was increasing its exposure to stocks, including in the U.S. and emerging markets, while asset-management giant BlackRock Inc., BMO Global Asset Management and QMA, the $128 billion quant-equity arm of PGIM, Prudential Financial’s investment-management business, all recently reiterated their preference for stocks. For many, the selloff was swift and jarring as companies were in the midst of reporting another quarter of robust profit growth.
https://finance.yahoo.com/m/8c277fa...fe07ea/[$$]-stock-market-bulls.html?.tsrc=rss
Money managers are doubling down on stocks after a brutal October selloff, as cheaper valuations and the potential for continued profit gains help support a rebound among equities. UBS Group AG said Thursday it was increasing its exposure to stocks, including in the U.S. and emerging markets, while asset-management giant BlackRock Inc., BMO Global Asset Management and QMA, the $128 billion quant-equity arm of PGIM, Prudential Financial’s investment-management business, all recently reiterated their preference for stocks. For many, the selloff was swift and jarring as companies were in the midst of reporting another quarter of robust profit growth.
https://finance.yahoo.com/m/8c277fa...fe07ea/[$$]-stock-market-bulls.html?.tsrc=rss
