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57% of clients were bearish
Follows Fed 75bps hike
BoE a 'timid cat'
Bank rate jumps to 1.25%
'Valuations matter'
Moves away from cash and equities
End of 146 month cycle
S&P Global Investment Manager index
Separate real from relative
Will go below 'neutral' if needed
21 June 2022
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2 min read
