Last Merrill’s Fund Manager Survey is out… and it’s not very optimistic

In a summary: cash levels remain high. Deflation in Eurozone is seen as the major risk (along geopolitical tensions). Investors are somewhat still optimistic about global growth, but less so than previous month and their expectations regarding EPS going forward have come up a tide grim.

The most contrarian call is Energy and Materials, but as long as oil prices do not recover, that probably to risky a call.

Source: Bank of America Merrill Lynch

Source: Bank of America Merrill Lynch

Les commentaires sont fermés.