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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
