Most ever fundies see stock bubble

David Llewellyn-Smith

Wednesday, 17 June 2020

Via BofAML monthly fundie survey. The most number of fundies see a stock bubble ever:

But perhaps that just means we short squeeze even higher:

Nobody believes in earnings:

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.