FYI: Although a dovish Federal Reserve and trade truce with China have caused managers to reduce cash and increase risk, they still expect an earnings recession and debt deflation, said Bank of America Merrill Lynch's monthly fund manager survey released Tuesday.
Money manager global growth expectations have improved from last month's decade low, rebounding 20 percentage points to a net 30% of investors surveyed expecting global growth to weaken over the next year, according to the results of the survey.
Regards,
Ted
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