Money Managers Think the Worst Is Yet to Come for S&P 500
- 57% of investors polled by Strategas sees new lows for stocks
- Last two corrections were followed by W-shaped recovery
BMO Capital Markets' Belski Sees 'Circle of Life' in Markets
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If you think the tremors that struck equities this month have yet to play themselves out, you’re not alone.
About 57 percent of investors surveyed by Strategas Research Partners expect the S&P 500 Index to break the intraday low of 2,533 reached on Feb. 9, while the rest say the market has bottomed for the year after a two-week selloff sent the index to its first 10 percent correction since 2016. The poll, conducted Feb. 16, covered roughly 500 institutional investors.