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Pessimism Reigns Supreme Among Fund Managers: Bank of America Survey Reveals 5 'Contrarian' Trades To Watch
Tuesday, May 16, 2023 - 5:29pm | 505A 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. Long big tech (32%), short banks (22%) and short the U.S. dollar (16%) were found to be the...