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Investors who are optimistic about U.S. stocks over the next six months to a year have “nearly vanished” as the Federal Reserve begins tightening its monetary policy in the face of hot inflation, according to RBC Capital Markets.
“For the first time since mid 2019, the bears outnumbered the bulls in our” first-quarter poll of institutional equity investors over the last four days of March, RBC analysts led by Lori Calvasina, head of U.S. equity strategy, wrote in a research note Tuesday. The portion of bullish views on the…
