Investors not convinced that stock market rally will last: BoA survey

While the stock market continues a relentless march higher as inflation continues to cool, investors still aren't sure the broad rally will last, according to Bank of America's Global Fund Manager survey on Tuesday.

Still, roughly 66% of investors say the recent upswing in equities is the result of a bear market rally, per the report, which surveyed investors between February 2 - 9. BofA strategist Michael Hartnett indicated the biggest tail risk to the economy is persistent high inflation, which would most likely cause the Fed to raise rates at a more aggressive pace. On Tuesday, US consumer price data showed inflation slowed further but came in above forecasts.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Investors are walking away from U.S. stock-market funds, into bondsThe stock-market rally to start 2023 isn't keeping investors from pulling billions out of U.S. equity funds. The hitch is, money is pouring into bonds. No we’re not it’s the “age adjusting” mutual funds doing that
Source: MarketWatch - 🏆 3. / 97 Read more »

Stock market news today: Investors eye further slowdown in inflationUS stocks jump as investors look to a further slowdown in consumer inflation
Source: BusinessInsider - 🏆 729. / 51 Read more »