Wall St rises after CPI data but Fed concerns persist

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Fund managers are most Overweight bonds vs stocks since April 2009 - BofA's survey

December 13, 2022 7:59 AM UTC

Fund managers are still very cautious about global growth although the latest Bank of Americas Global Fund Manager Survey (GFS) points toward tentative signs of trough in global growth expectations.

69% of FMS investors expect a weaker economy, which is down from 73% in November. Moreover, 68% of investors said a recession was likely, an improvement compared to 77% in... More