Taps Coogan – September 29th, 2023
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The overwhelming majority of fund managers still see a ‘soft landing,’ or no landing at all, as the most likely outcome within the next 12 months, as the following chart from Bank of America via ISABELNET highlights:
📌 Global Economy
— ISABELNET (@ISABELNET_SA) September 27, 2023
A "soft landing" or "no landing" remains the most likely global outcome among FMS (Fund Manager Survey) investors
👉 https://t.co/blMxcoFA78
h/t @BofAML #markets #globaleconomy #growth#globalgrowth #GDP #economics #economy #investing pic.twitter.com/APCtp7j0nQ
As they say, narrative follows price and given the weakness in the market so far in September, the data will probably look more bearish in October. Indeed, we wouldn’t be at all surprised if sentiment starts to swing considerably more bearish even if we don’t actually get a hard landing.
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