The Blubber

Per CNBC

A new survey by CNBC Delivering Alpha conducted a poll among 400 Wall Street investors and found that most believe a recession won't happen this year. This came as most of them believed the economy to be entering a bullish market.

The survey specifically took the answers of chief investment officers, portfolio managers, equity strategies, and CNBC contributors who managed money. It was found that only 39% of participants thought that the current economy was still in a bear market rally.

This was while 61% of respondents believed that the economy had entered a bull run. BMO Family Office chief investment officer Carol Schleif gave a statement on the situation.

Schleif: “There are many reasons to be constructive on U.S. stocks in the second half of 2023, particularly because we have finally started to see more market breadth,”

Recently, Goldman Sachs shared bullish estimations on the S&P 500, saying they believed the index would increase by 7% over the next 12 months. However, they said there could still be a 25% chance of a recession.

Fundstrat's Tom Lee aided many investors turned from bearish to having a bit of FOMO with regards to the recent bullish market moves.

See flow at unusualwhales.com/flow.

Other News:

• Goldman Sachs shares bullish estimations on S&P 500, believing it'll rise by 7% over the next 12 months
• Fundstrat's Tom Lee says many investors turned from bearish to having a bit of FOMO

Resources:

CNBC