Bank of America Highlights Major Drop in Fund Manager Optimism

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

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