Yahoo Finance BofA survey shows ‘pessimism stable’ as China steadies economic outlook

Yahoo!Finance/Alexandra Semenova/12-13-2022

graphic image of a seated bear gazing quietly back at the viewer“The survey showed a net 69% of respondents expect weaker growth next year, a modest improvement from the 73% in November, reflecting what strategists led by Michael Hartnett called “stable pessimism” among investors.”

USAGOLD note: Well, it’s pessimism, but at least it’s not runaway pessimism, according to the survey…… At the same time,, Yahoo reports that bearishness is stable at record levels.

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