bonds economy Markets

‘Most Bearish Since The Crisis’: BofA Global Fund Manager Survey Shows Stunning Collapse Of Confidence

Expecting the worst.

Expecting the worst.
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1 comment on “‘Most Bearish Since The Crisis’: BofA Global Fund Manager Survey Shows Stunning Collapse Of Confidence

  1. Yeah, bonds may be priced for worst case outcome, but equities sure as hell are not. I don’t think a protracted trade conflict and global slowdown is remotely priced into US equities. The BoA survey just serves to drive the point home – most of the market believes we are late cycle and sell the rally will be the theme of the next month. Way I see it, even if a China trade truce is ironed out, there’s maybe 5% upside, and 2-3x the downside if not. Lagging economic indicators are already quantifying the slowdown and it will only get worse.

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