Reported 2 days ago
A survey by Bank of America Global Research revealed that March witnessed the largest decline in allocation to US stocks amidst rising concerns over stagflation, trade tensions, and diminishing US exceptionalism. Investors increased their cash allocation to 4.1%, signaling the end of a 'sell' alert initiated in December. Despite the downturn in US stocks, investment in euro zone equities surged, with banks emerging as a favored sector.
Source: YAHOO