Reuters

Investors grow wary as stocks hit new highs

Investors are girding their portfolios for potential stock market volatility, even as equities hover near fresh highs after logging seven straight months of gains. This suggests some investors expect the calm in stocks to give way to more pronounced price swings in the coming weeks and months. “It’s been a year of positive market returns, but it’s a bull market which has pretty defensive undertones,” said Saira Malik, head of global equities at money manager Nuveen Investments.

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