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'I Believe in the Goldilocks Recovery'

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"Are fund managers becoming complacent? If the latest BofA Merrill Lynch survey of the profession is anything to go by there is certainly reason to think so," Neil Hume reports on FT Alphaville. "According to the April report the number of investors taking “above normal risk” in their portfolios is now at its highest level since 2006, while the number of respondents predicting above trend growth and below trend inflation has reached its highest reading since February 2008. In other words equities are in something of a sweet spot — the economy is growing but not at a rate that will force the Fed the hike rates aggressively."
SOURCE:   FT Alphaville

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