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NewsWatch: Fund managers position for ‘boom expectations’ with tech demand at three-year lows, Bank of America survey finds

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MARKETWATCH FRONT PAGE

The Bank of America global fund manager survey for May found that investors were increasingly positioned to what it called “boom expectations” — with exposure to commodities, banks, materials, industrials, and U.K. and emerging market assets at highs relative to the last decade. See full story.

Rick Bright wants to wipe out this virus — but it’s going to take better COVID-19 vaccines, distributed to 70% of the world’s population

Rick Bright is no stranger to pandemics. The virologist and immunologist has worked under four presidents. See full story.

Stocks struggle for direction after weaker-than-expected housing data

Major U.S. stock benchmarks struggle for direction Tuesday, with support tied to a strong round of earnings from major retailers, including Dow components Home Depot Inc. and Walmart Inc., offset by weaker-than-expected housing data. See full story.

Former WaMu CEO sees a housing bubble forming because the Fed is ‘hooked on’ low interest rates

‘Everybody wants to have asset prices forever going up and the cost of financing to be next to nothing,’ Kerry Killinger says. See full story.

Bitcoin at $250,000 in a year? This ‘rocket fuel’ will help it get there, says Goldman Sachs alum

Raoul Pal tells bitcoin investors that current volatility is to be expected, but big things are around the corner. See full story.

MARKETWATCH PERSONAL FINANCE

Bettors may have to pay federal and state taxes on sports betting winnings if certain thresholds are met See full story.

Economic Report: Construction on new homes retreats as builders grapple with supply-chain headaches

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