Morgan Stanley’s investment chief says stocks are still hibernating—he sees a 14% drop ahead.
The “detour” is finally over for investors in bank stocks, said Wells Fargo & Co.’s Mike Mayo, after the group notched four-straight weeks of gains.
Odey Asset Management is shutting its Swan fund and gating two other funds after redemption requests surged.
Broad consensus from BofA's latest global survey of fund managers, which showed investors are “exclusively long” tech stocks amid the buzz around AI.