Tag: Market Indicator

March Bank of America Global Fund Manager Survey Results (Summary)

Data Source: Bank of America

Each month, Bank of America conducts a survey of ~200 fund managers with > $500B AUM. Here are the key takeaways from the survey published on March 16, 2020: Continue reading “March Bank of America Global Fund Manager Survey Results (Summary)”

Interesting: Bullish Percent Transports

I was just going through my normal weekend work.  The last two times that “Bullish Percent” got to ZERO for the Transports (sector) were March 2, 2009 (one week before the financial crisis bottom), and Christmas Eve 2018 (the bottom).

It is hard to see how we turn here with all of the pessimism, but that’s usually when something comes around from thin air.  What could the catalysts be in coming weeks?  We don’t know, but here are some ideas:

  1. Gilead’s Remdesivir is proven effective in the Phase 3 test and rolled out for mass human use to treat COVID19.
  2. Russia comes back to the table with OPEC+ and they implement cuts.
  3. Fed Meeting March 18.
  4. Global Coordinated Fiscal Stimulus Package Announced.

While all four scenarios seem low probability – looking at the futures down 1000+ points – it is frequently at these points of acute pessimism that something changes in the near term.  Time will tell…

Click Here To Read How Bullish Percent is Calculated