Investors dump cash, rush into stocks despite jitters
Growth and inflation expectations have rebounded sharply, shows the Bank of America Merrill Lynch monthly fund manager survey. But some allocators remain wary.
Market bullishness returned with a vengeance this month, according to Bank of America Merrill Lynch’s monthly fund manager survey. Yet some individual allocation experts remain cautious amid the prevailing economic and geopolitical uncertainty.
BAML's closely watched poll findings, released yesterday (November 12), indicated an overarching risk-on sentiment.
“The bulls are back,” said Michael Hartnett, the bank's chief investment strategist. “Investors are experiencing 'F…
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