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 Investors sour on U.S. equities: S&P
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Institutional investor confidence in the U.S. equity market weakened in June, according to a survey by S&P Global Market Intelligence. The survey, conducted from June 3 to June 6 with almost 300 fund managers managing a total of $3.5 trillion, found that risk appetites have faded compared to the previous month. Investors' return expectations for U.S. equities turned negative in June, and their views on equity fundamentals dropped. The survey also revealed that investors see the global macroeconomic environment as a stronger driver of equity returns than the U.S. economy. The financial, energy, and consumer discretionary sectors saw the biggest drops in investor optimism, while views on the utilities and real estate sector improved. The decline in investor sentiment can be attributed to concerns over subdued demand due to higher interest rates and worries about the pace of economic growth. Overall, investors have adopted a more pessimistic stance towards U.S. equities.

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https://www.investmentexecutive.com/news/research-and-markets/investors-sour-on-u-s-equities-sp/