U.S. funds raise equity allocation to highest in over 4-1/2 years

Article by: Rahul Karunakar

"The economic reports...combined with the newly enacted tax reform legislation, suggest future upside surprises to both economic growth and corporate profits. The path of stock prices, while higher on balance, may be rockier this year," noted Alan Gayle, president at Via Nova Investment Management.

"We remain positive on our outlook for the economy and the stock market for the remainder of 2018 and see market dips as buying opportunities. However, we are less sanguine on the outlook for bonds."