Investors Increasingly Fear China Meltdown: BAML

In last weeks Ira Sohn Conference, Stanley Druckenmiller talked about the end of commodity super cycle and the worsening of slowdown in China. Druckenmiller expected the depreciation in China to result in a chain reaction in its dependent currencies. Almost similar outlook was presented by Michael Hartnett, analyst at Bank of America Merrill-Lynch, in his investment strategy report today. Negative Growth Expectations In China Growth expectations in China have turned negative, now at -8 percent, for the first time in 14 months, and the China slowdown coupled with the end of commodity cycle is considered the second most feared tailrisk. This was…