Barron’s Big Money Poll Reflects Continued Confidence in Stocks

America’s money managers are optimistic about the long-term outlook for the economy, the financial markets, and the recovery from the Covid pandemic. It’s the short-term prognosis that concerns them.

Monetary and fiscal policies are in flux. Supply-chain bottlenecks and labor shortages are igniting inflation and threatening corporate profit margins, and the economic recovery from 2020’s recession—so robust until now—is decelerating. Add pricey stock valuations and rising bond yields, and the immediate future suddenly looks…