TOKYO (AP) — Asian shares mostly slid Monday, with Chinese benchmarks countering the trend, as market attention turns to the U.S. Federal Reserve meeting later in the week. Japanese shares languished as the yen strengthened against the dollar.
A recent survey shows money mangers have not believed in the US markets strong rally. Individual investors are just turning bullish but those that have been following my bullish market analysis over the past year are wondering when they should take profits?
Optimism is souring around small-cap stocks for some investors, with a host of factors conspiring to up-end gains that have taken them to record highs. Small-caps, which led the market's rally just after the Nov. 8 election of Donald Trump as U.S. president, are facing weak earnings forecasts, little progress on tax reform and recent outflows.