“Market Crash” Places Distant 3rd To Populism In Bank Risk Survey

A few days ago, in “This Is What BofAML’s Clients Are Most Concerned About,” I showed you what…well… what BofAML’s clients are most concerned about.

To no one’s surprise, the answer was unequivocally “populism” and on top of that, a bunch of the other worries that made the list were populism related. Have a look:

(BofAML)

Well on Tuesday, we got the latest results from BofAML’s global fund manager survey and you’ll never guess what topped the “biggest tail risk” list.

That’s right: populism. Or some derivation thereof. To wit:

(BofAML)

Note how “crash in global bond markets” places a distant third. 

Once again: “Thanks populism.”