Although the global epidemic is still severe, U.S. stocks continue to hover at high levels, but a survey pointed out that some fund managers believe that the outlook for the first half of this year there are hidden worries, believe that interest rate hikes and easing efforts to weaken the two main factors.
New crown pneumonia (CCP virus) epidemic spread worldwide, the U.S. Federal Reserve since March last year to launch unrestricted easing measures to save the market, U.S. stocks V-shaped rebound and record high, high investor sentiment, funds are flowing into low-priced stocks. But with the U.S. bond yields climbing, the market is concerned that it may push up borrowing costs, weakening the relative attractiveness of risk assets.
Foreign media reports, according to the Bank of America Global Research Department survey conducted in January, more than half of the surveyed fund managers believe that the biggest killer of the bull market in the first half of this year may be interest rate hikes and easing efforts to weaken. Bank of America Global Research strategist Ralf Preusser pointed out that the survey results show that, on the one hand, the United States may have new financial support, coupled with speculation about the gradual reduction in the size of the Federal Reserve’s bond purchases, so that investors are aware of the risks posed by high interest rates on risk assets.
Earlier, Raphael Bostic, president of the Federal Reserve Bank of Atlanta, and some Fed officials hinted that if the economy recovers faster than expected this year, it is possible to slow down the pace of asset purchases.
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