The June survey covered 285 fund managers with $764 billion under management. Continue reading “June 2023 Bank of America Global Fund Manager Survey Results (Summary)”
Category: Sentiment
“The One That Got Away” Stock Market (and Sentiment Results)…
It was very lonely being a bull last fall when the S&P 500 was in the 3600s to 3700s. A few smart hosts kept an open mind (at those subdued levels) when we were pounding the table to buy equities (see circled dates below).
Continue reading ““The One That Got Away” Stock Market (and Sentiment Results)…”
“Skip or Flip” Stock Market (and Sentiment Results)…
The biggest news out on Wednesday was two FOMC members making their case for no hike in June. This language and timing is no accident. After 500bps of 10 consecutive hikes the effective Fed Funds rate is at 5.08%: Continue reading ““Skip or Flip” Stock Market (and Sentiment Results)…”
“The Long Run” Stock Market (and Sentiment Results)…
When I was thinking about writing this week, the song, “The Long Run” immediately came to mind. The Eagles released it in 1979. According to Henley, the title track was in part a response to press articles that said they were “passé” as disco was then dominant and punk emerging, which inspired lines such as “Who is gonna make it/ We’ll find out in the long run.” (wikipedia) Continue reading ““The Long Run” Stock Market (and Sentiment Results)…”
The Dierks Bentley “Feels Like Gold” Stock Market (and Sentiment Results)…
“Gold” is a song by American country music singer Dierks Bentley. It was released on August 8, 2022, as the first single and partial title track to Bentley’s tenth studio album Gravel & Gold. Continue reading “The Dierks Bentley “Feels Like Gold” Stock Market (and Sentiment Results)…”
May 2023 Bank of America Global Fund Manager Survey Results (Summary)
The May survey covered 251 fund managers with $666 billion under management.
Continue reading “May 2023 Bank of America Global Fund Manager Survey Results (Summary)”
“Heads Carolina, Tails California” Stock Market (and Sentiment Results)…
“She Had Me at Heads Carolina” is a song co-written and recorded by American country music singer Cole Swindell. The song contains lyrical and melodic references to Jo Dee Messina’s 1996 debut single “Heads Carolina, Tails California”, and credits that song’s writers Mark D. Sanders and Tim Nichols as co-writers. The song peaked at number 16 on the Billboard Hot 100, Swindell’s highest charting appearance to date. (Source: Wikipedia) Continue reading ““Heads Carolina, Tails California” Stock Market (and Sentiment Results)…”
“Tell Me You’re Pausing, Without Telling Me You’re Pausing” Stock Market…
On Wednesday, Chairman Powell bumbled his way to another selloff. Par for the course – as he holds the record for worst market performance following his communications: Continue reading ““Tell Me You’re Pausing, Without Telling Me You’re Pausing” Stock Market…”
“Put It Out Of Its Misery” Stock Market (and Sentiment Results)…
Earnings are coming in nicely, but there is an overhang on this market – and until resolved, the market is stuck in the mud. First Republic (FRC) is now a zombie bank that no one wants to take over because they would need to raise a significant amount of equity capital against the upside down assets/write-downs. Continue reading ““Put It Out Of Its Misery” Stock Market (and Sentiment Results)…”
“Knockin’ On Heaven’s Door” Stock Market (and Sentiment Results)…
“‘Knockin’ on Heaven’s Door’ is a song by American singer-songwriter Bob Dylan, written for the soundtrack of the 1973 film Pat Garrett and Billy the Kid. Released as a single two months after the film’s premiere, it became a worldwide hit, reaching the Top 10 in several countries. The song became one of Dylan’s most popular and most covered post-1960s compositions, spawning covers from Eric Clapton, Guns N’ Roses, Randy Crawford and more.” Wikipedia
Continue reading ““Knockin’ On Heaven’s Door” Stock Market (and Sentiment Results)…”