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The ‘smart money’ is the most bearish on stocks since 2008, with ‘recession coming,’ BofA survey finds
53% of institutional investors surveyed see global economy deteriorating over next 12 months
Professional money managers have turned sharply bearish in their outlook for the stock market and the economy, according to Bank of America Merrill Lynch’s December survey of more than 240 professional investors around the globe.
53% of those surveyed see the global economy deteriorating over the next twelve months, up from 44% in November, the highest share of those surveyed since Oct. 2008.
...
https://www.marketwatch.com/story/the-sm...2018-12-18
53% of institutional investors surveyed see global economy deteriorating over next 12 months
Professional money managers have turned sharply bearish in their outlook for the stock market and the economy, according to Bank of America Merrill Lynch’s December survey of more than 240 professional investors around the globe.
53% of those surveyed see the global economy deteriorating over the next twelve months, up from 44% in November, the highest share of those surveyed since Oct. 2008.
...
https://www.marketwatch.com/story/the-sm...2018-12-18
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