‘The Bulls Are Back’: FOMO Takes Center Stage In Fund Manager Survey As Yield Forecasts Ratcheted Higher

‘The Bulls Are Back’: FOMO Takes Center Stage In Fund Manager Survey As Yield Forecasts Ratcheted Higher

On Monday evening, Goldman had a "simple" message: "The market is moving from TINA (There Is No Alternative) to FOMO (Fear of Missing Out)". With US equities having climbed to new highs on the back of trade optimism and better-than-feared earnings from corporate America (profit growth declined in Q3, but by less than expected), market participants are coming around to the notion that some how, some way, the global economy will dodge an outright downturn. The good vibes have manifested themsel
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