FYI: Bank of America Merrill Lynch’s regular survey of global fund managers finds investors have traded fears of recession for the “fear of missing out.”
The investment bank’s latest survey of global fund managers found that cash levels posted their largest decline since President Donald Trump’s 2016 election.
“The bulls are back…global recession concerns vanish and ‘Fear of Missing Out’ prompts wave of optimism and jump in exposure to equities,” BofA writes.
Regards,
Ted
https://www.cnbc.com/2019/11/12/fear-of-missing-out-has-replaced-recession-concerns-bofa-survey-finds.html
