In Milestone, COVID No Longer Top Tail Risk For Fund Managers

In Milestone, COVID No Longer Top Tail Risk For Fund Managers

"Investor sentiment is unambiguously bullish," BofA's Michael Hartnett wrote, in the color accompanying the March vintage of the bank's closely-watched global fund manager survey. In something of a milestone, COVID-19 is no longer the number one tail risk in the poll. Needless to say, this is the first month the virus hasn't occupied the top spot on the tail risk list since the onset of the pandemic. Tellingly, its usurpers are "higher than expected inflation" and "bond market tantrum," two re
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3 thoughts on “In Milestone, COVID No Longer Top Tail Risk For Fund Managers

  1. Astonishing groupthink at work, as in “everyone I knows has money to spend and plans to do so.” No doubt true as birds of a feather do flock together.

    Down the road they may be disappointed as the other 90% they barely acknowledge, much less know, drag down the momentum. But until then, their happy narrative will play out in the markets because — because they are the ones making stock investment decisions.

  2. This is one of those times ( we have seen these before ) where the outlook is as clear as it has been in half of a decade at least.. Everyone is on the same side of the boat , Past experiences indicate that caution should not be thrown to the wind . As for me …yup , I am doing just that but trying to keep one hand on the ejection seat handle for a surprise of sorts . Nothing is ever as certain as it appears on the surface . Mr. Market can be the master of disaster..

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