Reported 1 day ago
According to Bank of America's recent survey, fund managers have experienced a significant decline in optimism, termed a ‘bull crash,’ due to concerns over stagflation, trade wars, and declining U.S. stock allocations. Global growth expectations saw their second-largest drop ever, prompting a notable increase in cash allocations. Despite these shifts, fund managers are not forecasting a recession, with only 11% anticipating a hard landing.
Source: YAHOO