Inflation has displaced the CCP virus as investors’ top worry, as Wall Street looks beyond the pandemic to the impact of the tidal wave of stimulus and the unleashing of pent-up demand as the economy recovers, a new Bank of America survey shows. The Bank of America’s most recent Global Fund Manager Survey (FMS) indicates that while the CCP (Chinese Communist Party) virus was the biggest “tail risk” in February, that has been replaced in March by above-expectation rates of inflation. Virus worries have dropped to third spot, behind so-called “taper tantrums” in the bond market. These are sharp selloffs triggered by worries about faster economic growth and higher inflation, driving the Federal Reserve to react by raising interest rates. “This implies that global fund managers think vaccination will finally lead us to re-opening and that the extremely loose monetary policy in times of economic recovery is not without risk,” Jeroen …