Reported 2 days ago
According to Bank of America's recent Global Fund Manager Survey, investor enthusiasm for US stocks has drastically declined, marking the largest monthly drop in equity allocation on record. The survey revealed a 40% decrease in allocations as investor confidence wavered due to a 10% drop in the S&P 500. Instead of bonds, capital is flowing into cash as fears of a potential global recession grow, prompting cautious optimism despite a slight stock recovery.
Source: YAHOO