Latest from the market: S&P Global Investment Manager Index
Battered stock valuations have helped U.S. equity investors recover their appetite for additional risk!
That only after a nine-month stretch of aversion to it, according to a S&P Global Market Intelligence survey.
The S&P Global Investment Manager Index’s risk appetite reading rose to +3% in October from -16% in September.
Tweet on S&P 500 & Dow Industrials benchmarks
The major U.S. stock benchmarks came off their intraday lows in midday trading on Tuesday
•S&P 500: +0.2%
•Dow industrials: +0.9%
•Nasdaq Composite: -0.1%
The 10-year U.S. Treasury yield rose to 3.892% from 3.883% pic.twitter.com/1KMmPIpNnU— The_Journalbiz (@the_journalbiz) October 11, 2022
Factset chart on benchmarks
The major U.S. stock benchmarks came off their intraday lows in midday trading on Tuesday.
- S&P 500: +0.2%
- Dow industrials: +0.9%
- Nasdaq Composite: -0.1%
- The 10-year U.S. Treasury yield rose to 3.892% from 3.883% on Friday
October’s reading is the most optimistic outlook regarding U.S. equities since last December, according to the firm.
Investors are also expecting positive near-term U.S. equity market returns for the first time this year, according to the survey.
The monthly survey is based on data from about 300 institutional investors.
Stocks have fallen so much this year that investors are saying shares look cheap, according to the survey.
The S&P 500 and Dow industrials at the end of September hit 52-week lows, while the Nasdaq Composite closed at a fresh low on Monday.
