Wall Street Unexpectedly Turns Extremely Bearish On Global Growth

by Tyler Durden
ZeroHedge.com
Tue, 03/20/2018

Last week , in the aftermath of the latest disappointing Chinese data, we noted that after closely tracking the recent surge in the S&P, the popular Citi Macro Surprise index slumped as numerous global growth indicators suddenly missed expectations and/or declined outright.

It appears that this troubling development was not lost on Wall Street, because according to the respondents of the latest monthly Global Fund Manager Survey conducted by Bank of America in which 176 participants with $514bn AUM answer various macro and micro questions, expectations for faster global growth tumbled by half, or a whopping 19%, to net 18% in March, the lowest level since the UK voted to leave the EU in June 2016, and suggesting that the global macro impulse has now faded.

The Rest…HERE

This entry was posted on Tuesday, March 20th, 2018 at 12:03 pm and is filed under Conspiracy, Corruption, Economics, Government Evil, New World Order. You can follow any responses to this entry through the RSS 2.0 feed.