Number of fund managers who see the economy in its late cycle is at a 10-year high

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MarketWatch
By Ryan Vlastelica
Published: Feb 14, 2018 10:54 a.m. E.T.

The recent turbulence on Wall Street, which pushed the U.S. stock market into its first correction in about two years, seems to have soured fund managers on where the economy may be headed.
According to the BofA Merrill Lynch fund manager survey for February, 70% of those polled believe the global economy is in its “late cycle,” the highest such reading since January 2008, right as the financial crisis began to gather steam.

The late part of an economic cycle typically coincides with the market’s peak and precedes a decline into recession. According to the Wells Fargo Investment Institute, which in early January suggested the U.S. economy was poised between the mid and the late parts of the business cycle, this stage is marked by moderating growth, tightening credit, a peak in confidence, higher inflation and an acceleration in the rate of interest rates rising.

https://www.marketwatch.com/story/number-of-fund-managers-who-see-the-economy-in-its-late-cycle-is-at-a-10-year-high-2018-02-13

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1. duh. any expansion's days are numbered once the fed starts raising rates.

the fed is doing a good job at going slowly with the increases, but a recession seems inevitable.

just a question of when, and what exactly triggers it.