Summary
We are roughly one-third of the way through June and so far the major stock market indexes are all negative month to date despite the rally under way Thursday morning.
Taking a step back and examining the S&P 500 and the Dow Jones Industrial Average, we find that both are down year to date and the same holds true for the Nasdaq Composite Index. The market direction coupled with recent surveys of consumers and businesses, not to mention eroding favor for the current administration, play into growing bearishness when it comes to the stock market.See the full content of this document
Extract
Tepid Growth Expectations Ahead
Case in point: An Investors Intelligence poll, which surveys financial newsletter writers, showed an uptick in bearishness to 31.9 percent from 28.4 percent last week. That is the highest bearish level since July 2009.
One explanat...See the full content of this document
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