Wealthy individuals may be bullish, but institutional money managers are likely to turn cautious hereon with elections around the corner. The problem for domestic fund managers is what to do with the SIP money that continues to gush in.
The S&P 500 rose for the seventh day in a row and the Nasdaq climbed for the eighth successive session. It’s their longest respective winning streaks since November 2021 and the Dow’s longest since July
The narrative right now is that midcaps and smallcaps have broadly justified the investor s faith with the second quarter earnings and the show is likely to continue in this quarter as well