almost 3 years ago • 1 min
In another sign that life is returning to normal following the pandemic, coronavirus has dropped off the top spot in a monthly survey of fund managers’ biggest worries.
Faster than expected inflation – and a related “tantrum” from investors dumping bonds in anticipation of inflation – are now the biggest concerns cited in BofA Merrill Lynch’s regular survey of sentiment.
COVID-related worries had topped the list of “tail risks” for 11 straight months. Before that, the US election was briefly the largest concern, preceded by the US-China trade war – all the way back to 2018. Remember that?
Overall, the survey paints a very optimistic picture, with 91% of respondents predicting a stronger economy over the next year and 89% predicting increased profits at global companies – both record levels.
Perhaps inflation has crept to the top of the list as there’s nothing else to worry about?
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