The mood hanging over financial markets is anxious and gloomy, whether you're a professional investor or a casual trader.
The CNN Business Fear & Greed Index is in"extreme fear" territory. According to the most recent survey from the American Association of Individual Investors, 49% of members think the stock market will drop in the next six months, versus a historical average of 31%.And the latest survey of fund managers from Bank of America revealed an"extremely bearish May.
California's $6 gas could spread nationwideThe average price for gasoline in California hit $6 a gallon Tuesday for the first time — and analysts at JPMorgan are warning that price could be the national average before the end of the summer.The startling forecast comes as US gas prices have surged to record highs in the aftermath of Russia's invasion of Ukraine, casting a shadow over the economy.
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