Soft Landing Buy-In Soars To Record Among Pros Despite Recession Panic

Professional investor sentiment took a hit from recent market disarray, but faith in a soft landing never really waned. That was the overarching message from the August installment of BofA's closely-watched Global Fund Manager survey, released on Tuesday. The bank's Michael Hartnett said macro optimism was intact on the heels of a vol-shock brought on by recession concerns in the US and an ongoing unwind of yen-funded carry trades. As the figure below shows, "hard landing"'s share of the respo