Goldman Sachs: “75% of institutional investors think we are still in a bear market. 50% think the lows have not been set.

Goldman sachs did a survey of it’s institutional investors. They said 50% of institutional investors think the lows haven’t been hit… think about that.

Other datapoints:

  • 98% of Goldman Sachs employees are working from home
  • In February, 37% of investors expected the S&P to end the year at 3490
  • ~66% of investors expect stocks to be back up to normal levels by years end
  • 37% think the S&P will be above 2800 by EOY
  • 75% of institutional investors think we are still in a bear market
  • 45% of investors don’t think April economic data matters
  • A lot of eyes are focused on the oil situation.

US GDP to plummet 34% in second quarter: Goldman Sachs

A $1.3 Trillion U.S. Housing Market Crash Is Imminent, and Inevitable

The U.S. housing market is going to be one of the biggest victims of the novel coronavirus pandemic as people lose jobs and the economy comes to a grinding halt. Housing bulls have already started pulling out of the market and it won’t be long before prices start going south.

The latest readings from the S&P CoreLogic Case-Shiller index could be the market’s last hurrah. The economic fallout of the COVID-19 outbreak is about to wreck the market’s momentum and might cause the biggest price crash since the Great Recession.

POLL: MAJORITY WILL STAY HOME EVEN IF LOCKDOWN LIFTED…

USA beset by denial and dysfunction as coronavirus raged…

Pandemic Breaking Down Along Familiar Political Lines…