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Pessimism Reigns Supreme Among Fund Managers: Bank of America Survey Reveals 5 ‘Contrarian’ Trades To Watch

A survey conducted by Bank of America Corp. revealed fund managers' pessimism reached the highest level in 2023 as investors increased cash balances and became more pessimistic about growth.


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New York State Manufacturing Sentiment Plummets In May: Trouble Ahead For The ISM Manufacturing PMI?

The New York Empire State Manufacturing Index, which measures the sentiment of manufacturing executives about business conditions in the state of New York, unexpectedly plunged to negative 31.8 points in May, down from 10.8 in April and considerably below the 3.75 decline