NEWS: Wall Street doesn't see the rebound of American stocks

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Since the end of March, the Dow Jones Industrial Average has rebounded 26.25%, supported by a series of policies from the Federal Reserve and the US government. However, Wall Street institutional investors are pessimistic about the rebound of US stocks, and more than two-thirds of fund managers believe that the rebound since the end of March is "untrue".
Bank of America survey shows that more than two-thirds of fund managers question the authenticity of the rebound
More than two-thirds of professional investors questioned whether the rally since the end of March meant the start of a bull market, according to a bank of America Fund Manager Survey in May.
The S & P 500 has soared 32% since its March 23 trough, with about 68% of respondents calling the move a "bear market rally.". The term implies that even if U.S. stocks rise above the 20% benchmark, it does not mean the end of the bear market. Bank of America's poll is one of the most widely watched investor surveys on Wall Street, and the pessimistic expectations of institutional investors also coincide with the weak fundamentals.


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