Bank of America notes continued bullish sentiment among investors. (fund manager survey) 💰The managers surveyed manage $632,000,000,000+ in assets. ✔️Optimistic sentiment in the markets is caused by expectations of a Fed rate cut and a soft landing. ✔️62% of respondents predict at least three Fed rate cuts over the next 12 months . ✔️Most fund managers are confident that the global economy will NOT grow over the next 12 months. (expectations are the most pessimistic since March 2022) ✔️62% of respondents are confident that global inflation will decrease within 12 months.
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☄️ Unemployment vibes (May) TRUTH: 4.0% GUESS: 3.9% LAST ROUND: 3.9% BTC >$72k and straight down S&P500 hits new ATH 😆
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Soooo it begins! 🇪🇺 European Central Bank - is the next bank to cut interest rate by 0.25% to 3.75% despite inflation rising last month. Bullish mood?)
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