What Usually Happens When Fund Managers Are This Worried About Fed Policy

Pros are more convinced than ever that monetary policy's too restrictive. That was one of the main takeaways from this month's edition of BofA's popular fund manager survey, and it raised an obvious question: What typically happens across assets when fund managers are as convinced as they are currently that policy's unduly onerous? In the latest installment of his popular weekly "Flow Show" series, the bank's Michael Hartnett addressed that question. I doubt the answer will surprise anyone, bu