A version of this story first appeared in CNN Business' Before the Bell newsletter. You can sign up right hereLondon (CNN Business) In recent weeks, there's been plenty of hand-wringing about the security of the massive rebound in financial markets, with the reopening of many economies looking precarious at best. Though there's still a few days to go, the S&P 500 could notch its best quarterly return in 50 years, Bank of America observed in a note to clients. But there are signs Wall Street is hedging its bets heading into the third quarter, looking more closely for opportunities without assuming everything will keep going up. See here: Nearly two in three asset managers think the long-term impacts of Covid-19 have not been sufficiently factored into stock markets, according to a recent survey conducted by Institutional Investor.

Source: CNN June 28, 2020 12:11 UTC