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Most investors think 2018 is the peak year for stocks

April 18, 2018

Via: CNN

The nine-year bull market might be on its last legs.

Fifty-eight percent of global money managers surveyed by Bank of America Merrill Lynch think the stock market has already peaked or will later this year.

Despite the market mayhem of recent months, the S&P 500 has quadrupled since its financial-crisis lowpoint in early 2009.

Yet a more cautious attitude led investors to trim their holdings of stocks in early April to the lowest level since President Trump’s election in November 2016, Bank of America said. The survey featured responses from 216 fund managers that control about $650 billion of assets.

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