Money managers are hiking bets on the great inflation trade of 2021, as the biggest risk to price stability in more than a decade rocks corporate boardrooms and Wall Street trading floors.
With supply chains and labor markets tightening anew, the latest Bank of America Corp. survey shows investors have rarely been this overweight assets that gain from rising prices or higher bond yields. This month, 38% of clients are betting the inflation era is here to stay -- a higher level of conviction than the previous month.
