Shine trader limited reports:
The Financial Associated Press (Shanghai, editor Zhou Ling) reported that on Tuesday (19th) Eastern Time, the Bank of America( 46.48 , 0.20 , 0.43% ) released a fund manager survey that revealed that the interviewed investors expect stagflation in the world in the next year. The proportion hit a 10-year high-34%. At the same time, bullish sentiment in US stocks is currently at a one-year low.
The Bank of America survey report shows that in the next year, the surveyed investors expect that the global economic growth rate will be lower than the trend level and the inflation rate will be higher than the trend level (in line with the definition of stagflation) to reach 34%-this is the highest level in the past 10 years. It reflects that investors’ concerns about stagflation have greatly increased.
The report said: “The global (economy) growth expectations have collapsed, and a net 6% of investors expect the economy to weaken-this is the most pessimistic growth data since the beginning of the epidemic in March last year.”
U.S. stocks’ bullish sentiment hits one-year low
In October, the S&P 500 index rebounded sharply from the previous 5% correction, and it is now close to the historical high, but investors are skeptical of this rebound.
The Bank of America survey found that in the context of continued market concerns about rising inflation and supply chain disruptions, US stocks’ bullish sentiment is currently at a one-year low, while cash holdings have jumped to a one-year high.
The pessimistic sentiment in US stocks revealed in the Bank of America report echoes other indicators in the past few weeks.
Reprint indicated source：Spark Global Limited information