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(CNN) Coronavirus fears shook Wall Street to its core last March. The Dow crashed nearly 3,000 points a stunning 13% a year ago today.
Flash forward 12 months and the health crisis is not over, but investors are increasingly confident it soon will be.
For the first time since February 2020, Covid-19 is no longer the No. 1 fear among portfolio managers surveyed by Bank of America, the bank said Tuesday.
If anything, experienced investors are now concerned that the economy could recover so rapidly that it overheats.
Inflation is now the top risk cited by portfolio managers polled by Bank of America. The second most common concern is taper tantrums, which occur when markets freak out over surging bond yields.
Wall Street s biggest fear isn t Covid It s inflation
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Wall Street s biggest fear isn t Covid It s inflation
kitv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kitv.com Daily Mail and Mail on Sunday newspapers.