Path of Least Resistance for Stocks Is Higher, Barclays Says
(Bloomberg) -- Investor exposure to equities is still low enough that the “path of least resistance” for the market is higher, according to strategists at Barclays Plc.Most Read from BloombergNY Wins Order Against US Funding Freeze in Congestion FightThe team led by Emmanuel Cau said institutional investors weren’t a big part of the stock rebound in May, with positioning remaining broadly underweight.Absent a volatility shock, “systematic buying could continue to help equities to grind higher,”
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