Opinion: Here’s what the latest fund-manager survey means for our 401(k)s - MarketWatch

1. Fund managers reduced U.S. stock allocations, favoring European stocks. 2. VGK has risen 4%, outperforming VTI, which fell 9% recently. 3. Investors remain cautious despite a slight uptick in market confidence. 4. Bond and commodity allocations are notably low among fund managers. 5. Investor sentiment on U.S. stocks remains negative despite potential contrarian opportunities.