BofAML's Fund Manager Survey Sees Global Outlook as Worst Since 2008

The transcript discusses a survey revealing a bearish outlook on global growth, the highest since 2008. Investors are concerned about declining profits and increasing leverage. Despite these concerns, fixed income performed well. The transcript also explores contrarian signals, market positioning, and the divergence in growth expectations between the US and the rest of the world. It highlights the potential for Chinese equities to rise due to policy responses and fiscal stimulus. The crowded position in US Fang stocks is noted, with a challenging political and regulatory environment capping upside returns.

What is the significance of cash levels among investors according to the survey?

What potential actions might China take in response to economic pressures?