The latest Bank of America Fund manager Survey has had some big shifts in recent months. The biggest risks, according to the pros, are higher than expected inflation and a bond market tantrum much like the one seen last month. Rapidly dropping from the list? Covid, and in particular the vaccine rollout.
In the meantime, a record number of survey takers are bullish on the economy’s prospects this year. The consensus is also moving to a V-shaped recovery as lower-wage workers in sectors like airlines are able to get back to full-time work. This euphoric view, coming at a time of high market valuations, has historically pointed towards at least some kind of correction to change views.
Where do you see the biggest risks to investors today?
Hit reply and share your thoughts.
Now here’s the rest of the news:
Here’s How Much the COVID-19 Stimulus Will Cost You –Kevin A. Hassett & Matthew Jensen, National Review
Stimulus added $5.3 trillion to the debt that you will have to pay back someday. Think of COVID-19 relief as a car payment, of course without any delivery of a car… [Read Here]
185 Pensions Got A $86 Billion Piece of the Stimulus Pie
Again, we’re forced to ask, just what is the latest stimulus supposed to be stimulating? Failing pension plans – in fact, more on pension bailouts than on vaccine distribution and testing. Who writes the check? American taxpayers. Here’s what you can do… [Read Here]
Gold $1,728.86 (+1.6%)
Silver $26.02 (+2.6%)
Platinum $1,211.90 (+6.5%)
Palladium $2,406.88 (+1.3%)
March 17, 2020
Morning! “Okay, which one of you worried well is the most worried?”
Throughout the week, the Fed Fired Most of its Bullets in Attempt to Curb Market Panic.
The markets are tumbling, so the Fed has launched initiatives to spur liquidity.
But now that their arsenal is bare, is there anything left to save the markets?
“The coronavirus isn’t the cause of this collapse,” argues Brandon Smith, “but it is the perfect cover for something larger.”
“People want to invest in something, and when something is not certain, they want to be secure,” says Rocky Simonetti … and … Jim Cramer reminds us all, “Still time to buy gold!“
March 17, 2019
Sunday mornin’ — finally the snow around our house is actually diminishing … yes melting.
We like it hot … hot … hot!
Got to go out exploring this afternoon. Need batteries for my trackpad, keyboard & mice! Must also take a few moments to reconnect with family… 😉