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Lisa Abramowicz, journalist and co-host on Bloomberg TV/Radio, reports that Bank of America’s May fund manager survey showed a record monthly surge in equity allocations.
She highlights that 40% of respondents now view a potential second wave of inflation as the leading tail risk, suggesting a link between increased stock exposure and inflation concerns.
Abramowicz previously reported that UK 30-year bond yields reached their highest levels since 1998 alongside a weakening pound. She also cited research indicating that all top sectors could post year-over-year earnings growth for the first time in four years. These findings add context to shifts tracked in recent fund manager surveys.