The Mood On Wall Street Has Never Been More Apocalyptic
Jun 14, 2022 15:37:06 GMT -5
Post by schwartzie on Jun 14, 2022 15:37:06 GMT -5
The Mood On Wall Street Has Never Been More Apocalyptic
BY TYLER DURDEN
TUESDAY, JUN 14, 2022 - 02:45 PM
There has been a distinct pattern to 2022 - every month, when look at the latest BofA Fund Manager Survey, we find that the mood on Wall Street has never been catastrophic, dire, apocalyptic, etc.. and 30 days later we find that said mood has turned even worse. This month's Fund Manager Survey was no difference, and a quick look at the responses to Mike Hartnett's questions by the 300 panelists who manage $834BN in AUM suggests that one should not walk next to tall building on Wall Street, midtown or the Hudson yards. .
As FMS survey organizer, Michael Hartnett writes, the US stock market officially entered a bear market on Monday (its 20th of the past 140 years) as the June BofA Fund Manager Survey (FMS) signals deeper investor misery: as we noted last Friday, the BofA Bull & Bear Indicator is now down to just 0.2 (it can't drop below 0.0)...
Continued at link
BY TYLER DURDEN
TUESDAY, JUN 14, 2022 - 02:45 PM
There has been a distinct pattern to 2022 - every month, when look at the latest BofA Fund Manager Survey, we find that the mood on Wall Street has never been catastrophic, dire, apocalyptic, etc.. and 30 days later we find that said mood has turned even worse. This month's Fund Manager Survey was no difference, and a quick look at the responses to Mike Hartnett's questions by the 300 panelists who manage $834BN in AUM suggests that one should not walk next to tall building on Wall Street, midtown or the Hudson yards. .
As FMS survey organizer, Michael Hartnett writes, the US stock market officially entered a bear market on Monday (its 20th of the past 140 years) as the June BofA Fund Manager Survey (FMS) signals deeper investor misery: as we noted last Friday, the BofA Bull & Bear Indicator is now down to just 0.2 (it can't drop below 0.0)...
Continued at link
