Are things really that bad? Looking at some of the sentiment data, you would think the unemployment is 10% and the stock market is down 50%.
The most recent BofA Global Fund Manager Survey is pretty gnarly. You have the lowest reading of “managers expecting a stronger economy” since The Great Financial Crisis.
The most recent BofA Global Fund Manager Survey is pretty gnarly. You have the lowest reading of “managers expecting a stronger economy” since The Great Financial Crisis.
The last time average cash balances were this high was after the dotcom bubble burst.
Investors are…
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