3)The risk to "US exceptionalism" equity consensus (note the record OW of US stocks in the Dec’24 BofA Global Fund Manager Survey) isa 2nd wave of inflation forces Fed hikes, change in Fed leadership, Treasury yield spike to 6%...then the US dollar overshoot smacks US earnings andsurgi...
Asia-Pacific investors betting on India: BofA-ML surveyVyas Mohan
Managers now have 5 percent of their portfolios in cash on average, the highest level since June 2012 and up from 4.6 percent in April, according to the Bank of America Merrill Lynch (BofAML) Fund Manager Survey. Asset allocators are also reducing their equities weighting, which has fallen f...