Some of the world’s biggest money managers are wary of chasing the stock rally further in the second half of 2025, bracing for more volatility.
Markets are wrapping up a wild six months that saw the S&P 500 plunge 19% from peak to trough, before it recouped those losses. The index closed at a record high on Friday after the ceasefire between Israel and Iran revived the risk-on rally.
www.bloomberg.com
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