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Benzinga
Benzinga
Business
Rishabh Mishra

S&P 500 Rally Far From Over? Strategist Says It Could Have 'Plenty Left In The Tank' As Institutional Investors Missed Out With $7.4 Trillion On Sidelines

Ryan Detrick Tom Lee Bill Ackman Nvidia US Federal Reserve
Wall Street

Despite the fresh highs that the S&P 500 index has made in the last few weeks from its April lows, experts predict that there is more room for the index to rally, as the institutional investors have missed the rally.

What Happened: The chief market strategist at Carson Research, Ryan Detrick, highlighted the chart shared by JC Parets, the CEO and Founder of All Star Charts, which compared the S&P 500 index’s returns with the net positioning of asset managers and hedge funds.

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