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Situational awareness:

  • Just 49% of money managers in Barron's spring 2019 poll say they're bullish on stocks over the next 12 months, down from 56% in autumn. The percentage of bulls hasn’t dipped below 50% since autumn 2016. The number of bearish investors has grown to 16% from 9%. (Barron's)
  • Boeing didn't tell Southwest Airlines, its largest 737 MAX customer, or the FAA that a standard safety feature designed to warn pilots about malfunctioning sensors had been deactivated until after the Lion Air crash in October. Boeing CEO Dennis Muilenburg will face shareholders on Monday for the first time since two fatal crashes (CNBC)
  • Chinese industrial profits rose by 13.9% year-over-year in March, the biggest increase since July, rebounding after 4 months of contraction. (SCMP)
  • U.S. oil and gas company Anadarko, which agreed this month to sell itself to Chevron for $33 billion, has begun negotiations to sell to Occidental Petroleum instead. (Reuters)