Andy Wang was quoted in a Barron's article by Amey Stone.
Bulls (and Bears) Gain Ground in Barron’s Fall Big Money Poll
This week's Barron's cover story features the results of their semi-annual Big Money Poll. In the spring, a record 50% of respondents categorized themselves as neutral about the market's prospects through year end. This looks like a good call as the market traded sideways to slightly down since the spring.
In the latest fall survey, it found that the pros are slightly more bullish than in the spring. 55% of respondents call themselves bullish through next June, up from 45% in the spring survey.
Even though the bulls have increased, this doesn't mean that it will translate to big gains in the stock market. Based on their mean market forecasts, the Big Money bulls see the Dow ending the year at 17,140 which is below yesterday's close. The bulls expect the Dow to reach 17,965 by the middle of next year, for a slight gain of 4.3% from here.
Chris Wang quoted in Barron’s
U.S. Money Managers Turn Cautious
Money managers have reined in their optimism since the fall, but they see bargains in Europe, energy, tech.
April 25, 2015
Money Managers Shift to Neutral: Barron’s Big Money Poll
“Neutral men are the devil's allies.” — Edwin Hubbel Chapin
This week's Barron's cover story features the results of their semi-annual Big Money Poll. The latest survey, emailed in late March, drew responses from 143 money managers across the country, representing some of the nation's largest investment firms and pension funds, as well as many smaller investment boutiques. The poll is interesting as it gives one a consensus view of market expectations.