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Bank Of America Survey: Forex And Equity Views

ByMarc Chandler
Published 07/17/2013, 02:15 AM
Updated 07/09/2023, 06:31 AM

This Great Graphic was posted on the Financial Times and it comes from Bank of America. It is based on the banks' survey of some 238 investors with $643 bln under management. The survey was conducted between July 5 and July 11.
Chart 4
The blue line shows the percentage of the survey who expect the dollar to appreciate the most. At 83% it is the highest the survey has recorded. About 20% expect the euro to decline the most (solid black line), while nearly 80% expect the yen to decline the most.

The FT reports on other aspects of the BoA survey. A little more than a third of the survey expect the Chinese economy to strengthen. This is about half the number seen at the end of last year. The survey found 52% were overweight equities up from 48% in June. At 55% overweight bonds is the lowest in two years.

Lastly, within the equity space, tech and pharma are preferred, while, utilities, materials and telecom were liked the least.

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