Fascinating series of data points about how various fund managers feel about the world. the first is via The Economist:
Global Business Barometer
Source: The Economist
The second, from BofA Merrill Lynch via Barron’s, is based on a survey of 173 fund managers.
Sentiment’s up sharply from July lows, and so is optimism toward the euro zone:
• 15% think the world economy will get stronger in the next 12 months, down from 13% in July
• 21% think corporate profits will deteriorate in the coming year, down from 38% in July
• 38% expect quantitative easing by the European Central Bank, versus 29% last month
• 13% are underweight euro-zone equities, down from 26%
Source: Barron’s
What's been said:
Discussions found on the web: