This is just getting too funny ...
Stock market peak still at least a year away, fund managers say in Bank of America survey
Stock market peak still at least a year away, fund managers say in Bank of America survey
- Fund managers have reduced cash to the lowest level in five years and are at a two-year high in allocation to stocks, according to a Bank of America Merrill Lynch survey.
- Hedge funds have increased equity allotments to the highest level since 2006.
- The moves come as stock-based ETFs have taken in $16.5 billion already in 2018 as the S&P 500 has opened the year up 4.1 percent.