BofA sell signal lights up, yet 56% of fund managers are all-in on equities
BAC Bank Of America Corp
$61.69 -0.27%
View chart & analysis → - 1Bank of America (BAC) survey shows fund managers' equity overweight at 56%, the highest in five years
- 2Cash allocation stands at 3.5%, near a 30-year low, and the Bull-Bear indicator at 9.3 is above the sell threshold (8.0)
- 3Hartnett strategist recommends retreating from risk assets and rotating into defensives, while most managers expect a no-landing rally
This 3-line summary is compiled from the report below.
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