With the S&P 500 (^GSPC) closing at a record high on July 16th, markets reporter Josh Schafer debunks this concern as higher inflation receding. Although the lender of America (BAC) Global Fund Manager Survey states that geopolitics are always an influence over investor sentiment, Schafer postulates more immediate concerns regarding inflation denote high confidence for a soft landing.
As the Fed furthers to squash concerns with respect to a soft landing, Schafer points out that the survey ended July eleventh on the day that increasingly positive CPI results were released denoting an even more positive outlook that wasn’t accounted for in the survey due to its timing.
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