What is the current level of cyclical positioning according to the transcript?
Why This BofA Chart Keeps Bulls Up at Night

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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Lowest since 2011
Highest since 2011
Lowest since 2008
Highest since 2008
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the estimated impact of fiscal stimulus on US growth?
5 basis points
10 basis points
15 basis points
20 basis points
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one potential risk of fiscal stimulus mentioned in the transcript?
Increase in unemployment
Backup in yields
Decrease in stock prices
Rise in inflation
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What has been the trend in the U.S. economic surprise index recently?
Declining
Fluctuating
Stable
Increasing
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the relationship between negative economic surprises and fiscal stimulus according to the transcript?
Negative surprises are expected to equal fiscal stimulus
Negative surprises have no impact on fiscal stimulus
Negative surprises reduce the need for fiscal stimulus
Negative surprises lead to increased fiscal stimulus
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