BofA’s Fund Manager Survey Global Equity Allocation
BofA’s Fund Manager Survey Global Equity Allocation FMS investors allocation to global equities is still below 50% level, consistent with prior market tops. Image: BofA Global Fund Manager Survey
BofA’s Fund Manager Survey Global Equity Allocation FMS investors allocation to global equities is still below 50% level, consistent with prior market tops. Image: BofA Global Fund Manager Survey
Survey – Fear of Recession in the United States Recession fears recede among Americans. Image: Statista
Fund Manager Survey Cash Balance BofA Fund Manager Survey cash levels hold to 4.2%, the lowest cash balance since March 2013. Image: BofA Merrill Lynch Global Fund Manager Survey
S&P 500 vs. U.S. CEO Confidence Survey Economic Expectations The S&P 500 is in “Fear of Missing Out” mode, while CEO confidence has fallen to its lowest level in a decade. Image: Nordea and Macrobond
Philadelphia Fed Business Outlook Survey Leads U.S. Real GDP Growth Chart suggesting that the Philadelphia Fed business outlook survey leads U.S. real GDP by 3 months. Image: Morgan Stanley Research
Survey – U.S. Recession Probability U.S. recession fears are fading and U.S. credit investors now see a 21% chance of recession over the next 12 months. It was 25% in September. Image: BofA Credit Investor Survey
Survey: US-China Trade Agreements About the “phase one deal”, the latest BofA Merrill Lynch edition of the FX and rates sentiment survey shows that 65% of fund managers see a skinny agreement, delaying some tariff increases. Image: BofA Merrill Lynch
Central Banks Actions Lead Emerging Markets Manufacturing Surveys Chart suggesting that central banks actions lead emerging markets manufacturing surveys by 8 months. The net number of EM central banks cutting rates has reached 50% of 30 central banks. Image: Pictet Asset Management
Blue Chip Economic Indicators Surveys and Average Probability of U.S. Recession The probability of U.S. recession increases to 39% for 2020, based on Blue Chip Economic Indicators surveys. Image: J.P. Morgan
Survey: View on the Global Economy In the latest BofA Merrill Lynch edition of the FX and rates sentiment survey, a majority of respondents thinks that “the global uncertainty shock has been so persistent that lasting damage has been done and policy action will be too little, too late.” Image: BofA Merrill Lynch