Wall Street admits “civil unrest” may crash markets

792

Earlier today, we reported that sentiment in the latest Bank of America Fund Manager survey was so bullish, even survey organizer, BofA Chief Investment Officer Michael Hartnett, said it’s time to turn bearish for the near-term and “sell the vaccine” because Wall Street has gone “full bull”:

The most bullish Fund Manager Survey (FMS) of 2020 on the back of vaccine, election, macro; Nov FMS shows a big drop in cash, 20-year high in GDP expectations, big jump in equity, small cap & EM exposure; reopening rotation can continue in Q4 but we say “sell the vaccine” in coming weeks/months as we think we’re close to “full bull”. 

Yet while there were several other observations in the survey (the full report can be found here), all of which confirmed what we had previously seen in the latest AAII survey, namely that virtually every trader is now super bullish…

… what caught our attention was not among the list of euphoric superlatives, but was hidden deep inside the risk factors.

We are referring to what the survey respondents defined as the biggest threat: while at the top, for the 8th consecutive month, covid was seen as the biggest “tail risk”…

… what we found remarkable is that after “tech bubble” in 2nd place in the list of biggest tail risks, “Civil Unrest” suddenly popped into 3rd place, after not being cited as a notable risk in any of the previous BofA surveys.

Read more via ZeroHedge.com

The Shepard Ambellas Show is an all original fast-paced comedy, variety, news show where nearly everything goes. Shepard Ambellas is the founder and editor-in-chief of the popular independent news website Intellihub.com (news and politics). Bethany Adoni sits shotgun. The Shepard Ambellas Show airs LIVE weekdays (Mon-Fri) on the Shepard Ambellas YouTube channel from 5-7 pm Eastern/4C/2P. Subscribe now! Turn notifications on immediately. The show is nationally syndicated on iHeart Radio. An archived version of the show is also available on Apple Podcasts, Spotify, Google Podcasts, Castbox, Deezer, Podcast Addict, Podchaser, JioSaavn, and Spreaker for you listening pleasure.