MACRO
BofA Survey Shows Full Investor Capitulation Amid Pessimism
Investors slashed their exposure to risk assets to levels not seen even during the global financial crisis in a sign of full capitulation amid a "dire" economic outlook, according to $Bank of America(BAC.US)$ Corp.'s monthly fund manager survey. BofA says inflation is seen falling but the mood is still stagflationary.
Goldman 'Imp...