Cash On Sidelines, But ‘Pamplona Rules’ As Investors Look To Equities

Citi unabashedly says that favorites named in its quarterly poll of institutional clients have tended to do well ever since they started doing the survey work about eight years ago. The latest Citi survey, “Investor poll Indicates Pamplona Rules,” by analysts Tobias M Levkovich, Lorraine M Schmitt and Christina Wood shows that top-level investors such as pensions, mutual and hedge funds are bullish on equities based on optimistic expectations of US GDP growth and S&P 500 (INDEXSP:.INX) earnings, and are waiting in the wings to deploy cash in stocks. US GDP; S&P 500 target and earnings “Indeed, the vast majority of…