U.S. producer prices soar as supply bottlenecks persist
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Hawkish Central Banks Seen as #1 Risk for Money Managers, More Defensive Positioning Already Underway - BofA's FMS
December 14, 2021 10:11 AM ESTThe December Global Fund Manager Survey (FMS), released by BofA, shows money managers see hawkish central banks as the biggest risk.
This view has prompted a surge to cash and more defensive asset allocation, according to BofA Chief Investment Strategist Michael Hartnett. A more hawkish Dec FOMC meeting is likely to help crypto, unprofitable tech, banks and emerging markets while the... More
