$240 Billion Pension Fund Just Issued a Grim Warning About the Stock Market

$240 Billion Pension Fund Just Issued a Grim Warning About the Stock Market

The chief investment officer of CalSTRS is planning to sell stocks for the remainder of 2020. Institutional investors are worried about the disconnect between the ‘V-shaped’ stock market and the ‘W-shaped’ economic recovery. Equity markets are coming off their best quarter in decades, though gains slowed substantially in June. One of America’s largest pension funds…

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