Asset Managers are currently the most bullish
Asset Managers are currently the most bullish they have been in over 2 years (since Jan '22), according to $Bank of America(BAC)$ ’s April Survey.
$S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ $NASDAQ(.IXIC)$ $Invesco QQQ Trust-ETF(QQQ)$ $iShares Russell 2000 ETF(IWM)$ $NVIDIA Corp(NVDA)$ $Microsoft(MSFT)$
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76% of Fund Managers surveyed by BofA expect 2+ rate cuts this year.
Only 8% are forecasting no cuts at all for 2024.
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Put/Call Ratio has risen to multi-year highs amid the recent market sell off.
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PS: The survey was carried out between April 5th and 11th. 224 asset managers with $638B AUM participated.
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- skythelimit·04-18👍LikeReport