Large investors still say they aren’t ready to sell as coronavirus crisis continues

Investors grew increasingly concerned about the U.S. economy and the stock market as March wore on, but they also said they aren’t ready to abandon their stocks, according to several surveys.

The vast majority of the institutional clients surveyed by Citi expect an economic downturn and earnings estimates to be cut further in 2020, but they are more bullish on equities. About 70% of…

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