‘Bearish Positioning = Rally’: BofAML Fund Manager Survey Shows ‘Macro Crash’, ‘Inflection Point’

And without further ado, it's time for the latest installment of BofAML's monthly Global Fund Manager survey. You'll recall that the December edition of Michael Hartnett's widely-followed poll contained a number of notables, including "Long FAANG+BAT" dethroned as the most crowded trade (supplanted by "Long USD") and fund managers turning the most bearish on the global economic outlook since October 2008 or, more to the point, since the immediate aftermath of Lehman. Review more highlights fro