The ‘Monday Morning Musings’ report of October 11 by Citi analyst Tobias M Levkovich throws light on the results of their latest quarterly institutional investor survey.
Institutional investor survey findings
About 70 clients participated in the survey and here are some of the key findings:
- Approximately 50% of the respondents felt the S&P 500 (INDEXSP:.INX) would close higher than 1,800 in 2014, 35% thought it cross 1,850 while only 5% said it was likely to close lower than 1,650. About 60% thought that a 20% rally was more likely than a 20% fall in the equity markets.
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