(Almost) $400 Billion Weighs In On Tax Reform, The Fed, And The Dollar

Bank of America’s latest rates and FX survey comprises responses from 74 fund managers with $368 billion in AUM.

In other words, hopefully these folks are some semblance of smart and/or prescient, because if they aren’t, well then there’s nearly $400 billion in possibly misallocated capital floating around out there.

There’s some sarcasm there. Most of the folks surveyed have no idea what’s coming up any more than you do if they’re being honest.

But the difference between you and them is that you’re not stomping around in markets leaving a $400 billion-ish footprint. They are. Which is just about the only reason any of the following charts matter.

Enjoy…