Latest BofA survey of Fund Managers reflects concern about the sustainability of the recent market rally and a consensus that the likelihood of a V shaped recovery is diminishing. Sanity appears to be prevailing, but there remain many reasons why staying in the market is the right thing to do - don't bet against the Fed.
| less than a minute read
No Faith
Get in touch
Get in touch
A majority of investors believe the global stock market rally will soon swing into reverse, with a second wave of coronavirus cases topping their list of worries. About two-thirds of fund managers polled in a monthly Bank of America survey said the rise in stocks since March was a “bear market rally” — a strong but doomed bounce — against a background of dire economic data.
Get in touch
Get in touch
/Passle/56d48b663d94740a904e050a/SearchServiceImages/2024-12-16-15-34-52-705-6760489c044a44825effe40e.jpg)
/Passle/56d48b663d94740a904e050a/MediaLibrary/Images/2024-12-02-13-04-52-316-674db074d162aea000d32e55.jpg)
/Passle/56d48b663d94740a904e050a/SearchServiceImages/2024-09-10-08-20-49-450-66e00161097b7a1aca1a437b.jpg)