Experts disagree on whether the recent stock rally is overblown or set to continue. “We definitely feel that the markets are way ahead of reality,” Citigroup executive Manolo Falco told the Financial Times last week. “Investors are still underweight equities,” JPMorgan strategists said in a recent note, according to Bloomberg. Bulls are betting the economy will bounce back with the help of massive monetary and fiscal support, while bears are worried about a second wave of coronavirus cases as well as US-China tensions, nationwide protests, and other factors. Visit Business Insider’s homepage for more stories.
Stocks are either far too high or they have further to run, depending on which investment bank you listen to.
“We definitely feel that the markets are