Bank of America analysts have sifted through their latest survey of money manager funds to find 12 things institutional investors are NOT preparing for in 2024, and the contrarian trade for it for some: Improving geopolitics, with 89% of respondents saying risk is above normalif geopol does improve the bet should be on lower oil pricesA hard landing (21% expect)look for wider credit spreads, forced selling of tech namesNo landing (7% expect) should see cyclicals outperformHigher inflation (6% forecasting a higher CPI)Higher rates (only 6% are projecting higher short rates)sell leverageHigher bond yields (18% expect higher long rates)Restrictive fiscal policy (9% say policy too restr
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