The S&P 500 index stands less than 1% shy of a record but investors aren’t loving the climb, based on a recent fund manager survey from Bank of America Merrill Lynch.
“[Fund manager survey] investors have not been this bearish since the Global Financial Crisis, with pessimism driven by trade war and recession concerns” wrote Michael Hartnett, chief investment strategist It’s worth noting that Hartnett views the survey hitting a bearish level as a potentially bullish contrarian sign for markets, with the thinking being that markets have a tendency to climb higher, absent a seismic shock, when investors are fearful.
Source: News Formal (newsformal.com)
fundstrat Really? Sure wouldn’t seem like market would be up from 1% all time high and a Vix in the 15-16 range. That seems bullish and complacent to me.
we see you... Trump2020
anti Trump market watch
Perhaps an idea to flee into crypto? 😛
fundstrat buybitcoin
Really? There is at least one article a month with a similar headline. Just change the source of who is saying it.
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