Investors’ consensus view of the macroeconomy has flipped on its head in the past month. In the latest Bank of America Fund Managers Survey released on Tuesday, 49% of respondents said they expect a “hard landing” for the global economy — where economic growth deteriorates before inflation fully retreats — in the next 12 months.
As markets attempt to return to normalcy, recent trading action has been mixed. According to data compiled by Yahoo Finance, the S&P 500 (^GSPC) is up two straight days with 85% of components in the green. Still, the benchmark index has formed a “death cross” technical pattern — a bearish analysis in which the 50-day
BEIJING: China’s purchases of chipmaking equipment are set to decline this year after three years of growth, as the industry grapples with overcapacity and faces greater constraints from US sanctions, a consultancy said on Wednesday (Feb 12). China has been the biggest buyer of wafer fabrication equipment for at least the past two years, purchasing