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Stagflation is now the consensus view on Wall Street for 2023 as investor sentiment remains historically bearish, Bank of America says

An overwhelming majority of Wall Street money managers thinks the stock market is set for a period of stagflation in 2023, similar to what was seen during the 1970s, according to Bank of America. The bank found in its most recent survey of fund managers that 92% expect a period of high inflation and …

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