Bank of America: Iran situation and concerns over private credit end "bubble bull market" sentiment; global investors turn bearish

格隆汇 March 17｜Bank of America: The situation in Iran and concerns over private credit have ended the "bubble bull market" sentiment, and global investors have turned bearish. A net 17% of investors expect short-term interest rates to decline, the lowest level since February 2023, down from 46% a month ago. A net 45% of investors expect global CPI to rise over the next 12 months, up from 9% a month ago.