BofA Global Research Fund Manager Survey: Investors Prepare for Lower Yields in 2024
–Seventy-six percent of managers convinced Fed rate hike cycle over –Geopolitics become number one “tail risk” by Vicki Schmelzer NEW YORK (MaceNews) – Global investors prepared for lower yields in November, with cash levels falling and allocation to stocks and bonds on the rise, according to the findings of BofA Global Research’s monthly fund manager […]
Bank of Canada Seen Keeping Policy Rate at 5% This Week Amid Dim Business Outlook, Easing Inflation
By Max Sato (MaceNews) – The Bank of Canada is widely expected to hold interest rates steady in Wednesday’s policy announcement in light of weak business survey results and slightly easing price pressures, but given some resilience in the labor market and the uncertain inflation outlook, the bank may not be done with tightening that […]
BofA Global Research Fund Manager Survey: Cash Levels Jump as Investors Turn Bearish in October
–Cash Level Pop Triggers “Buy” Signal for S&P 500 By Vicki Schmelzer NEW YORK (MaceNews) – Cash levels jumped in October as global investors turned bearish in light of unfolding world events, according to the findings of BofA Global Research’s monthly fund manager survey released Wednesday. The survey period, from October 6-12, included responses in […]
BofA Global Fund Manager Survey: Higher Inflation Worries at Odds with Reduced Recession Fears and US Rate Cut Anticipation
By Vicki Schmelzer NEW YORK (MaceNews) – Inflation concerns spiked in September and were at odds with lower recession fears and increased anticipation of Federal Reserve rate cuts, according to the findings of BofA Global Research’s monthly fund manager survey released Tuesday. In September, a net 69% of fund managers looked for lower global consumer […]
BofA Global Research Fund Manager Survey: Global Investors Trim Cash, Add to Equity Holdings in August as Recession Fears Fade
By Vicki Schmelzer NEW YORK (MaceNews) – Improved growth prospects and fading recession fears prompted global investors to trim their cash allocation and add to equity holdings in August, according to the findings of BofA Global Research’s monthly fund manager survey, released Tuesday. A net 45% of those polled this month looked for weaker economic […]
BofA Global Research Fund Manager Survey: Global Investors Add to Cash, Equity Holdings in July
By Vicki Schmelzer NEW YORK (MaceNews) – Global investors added to cash and equity positions and pared bonds in July, in a recalibrating of current holdings more than a shift in mindset, according to the findings of Bank of America Global Research’s monthly fund manager survey, released Tuesday. Investor fear is still exceeds greed, the […]
Fed’s Daly, Mester Argue for Further Fed Rate Hikes To Reduce Inflation
– Daly: 2 Rate Hikes ‘A Very Reasonable Projection’; Could Do More or Less – Mester Urges ‘Somewhat Tighter Monetary Policy’ For ‘More Timely’ Inflation Fall – Daly: Banks Not Curbing Credit More Than Expected in Slowing Economy By Steven K. Beckner (MaceNews) – Senior Federal Reserve officials largely concurred Monday on the need for […]
BofA Global Research Fund Manager Survey: Global Investors Add To Equity Shorts, Pare Bonds and Cash Longs in June
— Investors Eye Improved World Growth Outlook, Fret ‘Big Tech’ Longs, AI/Tech Bubble By Vicki Schmelzer NEW YORK (MaceNews) –Global investors added to equity short positions and pared bond and cash long positions in June, with the latter driven by an improved world growth outlook, according to the findings of BofA Global Research’s monthly fund […]
FOMC Faces Tough Choice of Policy Options: Hike, Skip or Pause
– At Issue: The Funds Rate May Be ‘Restrictive,’ But Is it ‘Sufficiently Restrictive‘? By Steven K. Beckner (MaceNews) – In the run up to the Federal Reserve’s mid-June monetary policy meeting we’ve been witnessing a kind of clinic on central bank communication or, some would say, miscommunication. With key data yet to arrive and […]
Bank of Canada Surprises Market with 25 BP Rate Hike; Warns Policy-makers More Worried Inflation Could Get Stuck Well Above 2%
–BOC Decision Reflects Its View: Policy Not Sufficiently Restrictive to Bring Supply/Demand Back into Balance, Return Inflation Sustainably To 2% Target –BOC: Canada’s Labor Market Remains Tight; Overall, Excess Demand Looks to Be More Persistent Than Anticipated By Max Sato (MaceNews) – The Bank of Canada on Wednesday raised its policy interest rate – the […]