The newest Fund Supervisor Survey (FMS) from Financial institution of America (BofA) securities performed between Aug. 7 to Aug. 13 reveals most managers imagine {that a} new bull market has begun, following a historic rally from the March lows.
In the meantime, many traders imagine {that a} coronavirus vaccine would propel authorities bond yields larger.
Key factors (supply: streetinsider.com)
58% of traders say the brand new bull market has began (in comparison with 25% in Could).
41% say credible COVID-19 vaccine will almost certainly result in larger bond yields, adopted by inflation (37%).
Traders count on vaccine announcement within the first quarter of 2021.
61% of respondents predict U- or W-shaped restoration vs. 20% say V-shaped; 51% nonetheless choose steadiness sheet self-discipline vs. 37% need elevated Capex (was 13% in Apr).
