Equity investors are closing out 2017 on an optimistic note.
A recent survey from the National Association of Active Investment Managers (NAAIM) shows that active mutual fund managers are the most bullish on US stocks since it began collecting data in 2006. It’s part of a weekly assessment conducted by the NAAIM that gauges the degree of overall equity exposure for all of its member firms.
It’s no coincidence that this unprecedented level of confidence comes at a time when so many things are simultaneously going right for the stock market. Let’s run down three of the biggest drivers of future bullishness, all of which also explain the market’s run up to record highs:
