Fund managers are at least thinking a “recession scare” could emerge in the market this year, reflecting one to two months of heightened geopolitical risks, elevated inflation and rising interest rates.
“Upcoming recession scare best played via long bonds-short commodities,” said the latest Bank of America fund manager survey. The report reflects responses from 171 participants managing $391 billion in client money.
On the positive side, fund managers don’t expect a technical recession this…
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