Investors do not believe the market bottom is in yet, according to a survey released by Deutsche Bank. Less than one out of 10 investors expect that the S & P 500 already bottomed in June, a survey by the investment bank's Jim Reid showed. More than half of survey respondents, 58%, expect the bottom will come next year or beyond. The S & P 500 registered a closing low of 3,666.77 on June 16. The broader market index then surged as much as 17.
Central bank policymakers are widely anticipated to approve a third straight 75 basis point interest rate hike to fight inflation. Here are some other investors expectations, according to Deutsche Bank's survey: Investors who expect the 10-year Treasury yield would hit 5%, before 1%, has grown. Seventy-three percent of investors this month are forecasting that the yield on the benchmark Treasury note would hit 5% first, compared to 60% of investors back who were expecting the same in June.
The market is mocking the FED policies and investors will regret it. The credibility of the Fed in the world will take a hit if the P/E ratio will continue to be at this level, period.
Great contrarian indicator 👍👍
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