Since the last survey in March, the managers have shifted their view of who will win the White House. Former Vice President Joe Biden is now expected to win with 62% expecting it, a sharp reversal from December when 70% expected President Donald Trump to win. Views on who would win were split evenly in March.
The buy side managers also had an average weighted target for the S&P 500 that is nearly flat with current levels, at 3,027 for year end, but a third expect the index to close above 3,200. The managers also had a sharp change in views on the outlook for the dollar. About 60% now expect to see a weaker dollar, twice the number in March.
The market is FORWARD thinking. Buy now and hold.
This means all up..
Everyone is waiting for all the Robinhood traders to get sucked in
Wouldn't surprise me with us now in a recession
It will be more like 60% ,go to cash and force the fed to keep the dollar 💵
If you look in the past that usually means the move will be up.
Pros are always wrong, go all in!!
Go opposite of the pros. How right have they been about this rally?
You would have better luck playing the lottery...
And zero of them called the last rally. They are as clueless as the rest of us.
No shit... So this isn't good: