73 days ago • Posted by Paul de La Baume
Are you fearful of a recession in next 12m? $QQQ $SPY #trading
Are you fearful of a recession in the next 12 months? That’s what BofA asked in its latest fund manager survey. Fears are high, near levels last seen in April 2020 and March 2009. Looking at the chart, these fears seem to be also correlated to stocks lows. In the survey, BofA found 42% of fund managers see a recession in next 12 months, up from 24% in February. And 80% of fund managers expect a stagflationary economy to persist. (economy remains stagnant amid relatively high inflation). Goldman Sachs, which is more positive than others, sees a 35% chance of a US recession in the next 12 months, up from 25% previously.