Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Fund managers party like it's 2008

Published 12/18/2018, 11:21 AM
Updated 12/18/2018, 11:21 AM
© Reuters.  Fund managers party like it's 2008
  • This post is brought to you by our PRO+ Live analysts. Click here to find out more about PRO+ »
  • There are a ton of notable highlights from the latest installment of BofAML's global fund manager survey. First thing Tuesday morning, for instance, we noted that "Long FAANG+BAT" has been dethroned from the top of the most crowded trades list, as "Long U.S. dollar" grabbed the top slot for the first time since April 2017 (which, incidentally, is the month when President Trump told WSJ that the greenback was too strong).
  • Another notable data point is that 53% of panelists expect global growth to weaken over the next year, which is the most dour outlook on the global economy since the depths of the financial crisis in 2008. Also, "trade war" topped the tail risk list again in December despite the truce struck in Argentina on December 1.
  • All of the above helps to explain why the buyside is reluctant to step in and put a bid under the market. BofAML's survey represents 243 panelists with $694 billion in AUM.
  • ETFs: SPY, QQQ, DIA, SH, SSO, VOO, SDS, IVV, SPXU, TQQQ, UPRO, PSQ, SPXL, RSP, SPXS, SQQQ, QID, DOG, QLD, DXD, UDOW, SDOW, VFINX, EPS, DDM, QQEW, QQQE, SPLX, SFLA, QQXT, SPUU, SPXE, UDPIX, OTPIX, RYARX, SPXN, SPDN, SPXT, SPXV
  • Now read: Is It Time To Buy The Stock Market Fear?


Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.