Big investors are starting to get worried: BofA survey

[mahatmakanejeeves]

As always, this article and your vaccination card will get you a free doughnut at Krispy Kreme.

Yahoo Finance

Big investors are starting to get worried: BofA survey

Brian Sozzi · Anchor, Editor-at-Large
Tue, September 14, 2021, 6:59 AM

Big investors are beginning to worry about several key fundamentals that underpin the stock market.

Global growth expectations have continued to "fall markedly" in September, according to the latest survey of fund managers out of Bank of America. The survey found that economic growth expectations are at their lowest level since April 2020.

Expectations for economic growth plunged 14 percentage points from BofA's August survey. BofA said in the report that macroeconomic optimism is "tanking."

The sharp month-to-month decline comes on the heels of a lackluster August jobs report and an increase in earnings warnings from corporate America as the likes of 3M Company and others contend with the impact of the Delta variant on demand and costs.

The dimming outlook for growth has raised concerns among fund managers on corporate bottom lines.

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[belpejic]

1. Maybe they should talk to Ron Ron

And Dumber Than Perry Abbott.

Edited: Replaced Bush with Perry. Perry was even dumber than Bush.

[C_U_L8R]

2. Stop supporting Republicans

They're the ones bringing the economy down... spreading conspiracy-ridden bullcrap, vast corruption and antivax destruction.