RBC polled 185 investors during the worst first quarter in stock-market history. They revealed what they’re buying and selling as the coronavirus crisis persists.
- RBC found that despite the coronavirus, investors in late March were the most bullish on stocks since a quarterly survey began in 2018.
- The respondents — majority of whom were institutional investors — shared the themes and sectors they were buying and selling during one of the most volatile periods in market history.
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If there’s any time to be bullish on stocks, it’s during one of the most volatile periods in market history.
That’s the takeaway from a survey of investors conducted by RBC Capital Markets during final six days of March. That stretch was of course the conclusion of a brutal month that saw new coronavirus infections soar, mass gatherings suspended, and swaths of the economy grounded.
Still, investors registered their highest level of optimism ever since RBC started conducting its quarterly poll in the first quarter of 2018. The cohort of 185 professionals who responded included 113 institutional investors, most of whom were based in the US.
Their bullishness during a horrendous time for the markets can be attributed to three main catalysts, according to Lori Calvasina, the head of US equity strategy.
First, investors are enamored by the attractiveness of valuations given …continued .
[Source: Business Insider]