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The S&P 500 closed at all-time highs this week, is Wall Street totally in love with stocks?
The chart on the left was shared with Premium Members on 7/113/12, reflecting the lowest exposure to stocks by Wall street strategist in the past past 15-years. Little love for equities for sure!!! Since 7/13/12 the S&P is up 16%, has Wall Street Strategist now fallen in love with stocks?
The chart on the right reflects the average strategist allocation to stocks currently stands at 49%, still below the average exposure over the past 15-years and well below the 2000 exposure highs of 70% allocation to stocks.