BofA Fund Manager Survey notes cash levels have jumped to 4.3% in March (prev. 3.4%), the largest rise since the pandemic
Importance
Level 1
- Global growth optimism slips to 7% (prev. 39%)
- Inflation concerns jump to net 45% of investors expecting a rise in global CPI (from 9%)
- BofA says global investors turn bearish as Iran and private credit concerns end frothy bull sentiment
#ECONOMIC COMMENTARY#ENERGY#EU SESSION#INFLATION#WTI#COMMODITIES