“Investors are best described as ‘nervous bulls’,” said BofA strategist Michael Hartnett. Nine out of 10 investors are positioned for a steeper yield curve, eight out of 10 forecast a “soft landing” and seven out of 10 say high quality is set to outperform low-quality stocks.
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Timothy Moore writes on monetary policy, equities, commodities and currencies. He is the overnight markets editor and writes Before the Bell. Connect with Timothy on Twitter. Email Timothy at timothy.moore@afr.com
