Hawkish central banks lead investors’ biggest fears list

BNN Bloomberg/Nikos Chrysoloras/1-18-2022

“Aggressive monetary tightening by central banks is the biggest tail risk for markets, according to this month’s Bank of America Corp. survey among global fund managers.”

USAGOLD note: Only 9% see asset bubbles as the greatest risk while 21% see inflation as the biggest risk. A full 44% see hawkish central banks as the biggest risk which goes a long way in explaining financial markets’ behavior over the last several weeks.