by Marc to Market
This Great Graphic was posted on the Financial Times and it comes from Bank of America. It is based on the banks' survey of some 238 investors with $643 bln under management. The survey was conducted between July 5 and July 11.
The blue line shows the percentage of the survey who expect the dollar to appreciate the most. At 83% it is the highest survey has recorded. About 20% expect the euro to decline the most (solid black line), while nearly 80% expect the yen to decline the most.
The FT reports on other aspects of the BoA survey. A little more than a third of the survey expect the Chinese economy to strengthen. This is about half the number seen at the end of last year. The survey found 52% were overweight equities up from 48% in June. At 55% overweight bonds is the lowest in two years.
Lastly, within the equity space, tech and pharma are preferred, while, utilities, materials and telecom was like the least.
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