BoAMS FUND MANAGER SURVEY: 85% SAY GLOBAL ECONOMY IN LATE CYCLE
A PUBLIC SOURCED ARTICLE FOR MATASII READERS REFERENCE (SUBSCRIBERS-MACRO-ECONOMIC OUTLOOK & PUBLIC ACCESS)
MACRO: ECONOMIC OUTLOOK
10-16-18 - "Investors Are Most Bearish On The Global Economy Since The Crash"
The latest Fund Manager Survey from Bank of America's Michael Hartnett, which polled a total of 174 respondents with $518BN in AUM between October 5 and 11, painted a starkly bearish picture about the global economy: according to the poll, a record 85% of survey respondents think the global economy is in the late cycle, 11% above prior highs in Dec. ‘07.
"Investors are bearish on global growth," said Michael Hartnett, BofA's chief investment strategist, "but not bearish enough to signal anything but a short-term bounce in risk assets."
Furthermore, when asked how the global economy will develop over the next year, net 38% of respondents expect deceleration, the worst outlook on global growth since Nov. ‘08.
How can growth optimism be so weak with the US booming? Because....... (14 MORE CHARTS WITH EXPLANATIONS)
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