Fund Managers Shift Away from Stocks Amid Market 'Bull Crash', Says Bank of America

Reported 1 day ago

According to Bank of America's monthly survey, fund managers made unprecedented cuts to U.S. equity allocations in March while significantly increasing cash holdings. The rapid market downturn, described as a 'bull crash,' has historically indicated the end of stock corrections. Despite a major drop in global growth expectations, a majority of respondents still anticipate a soft landing for the economy, and many believe the Federal Reserve will cut interest rates multiple times in the near future.

Source: YAHOO

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