Cash Holdings Hit Two-Year High: Bank Of America Survey
What has been called the least believed bull market in years has recently gotten another shot of skepticism as the combination of geopolitical tensions, US interest rate hikes on the horizon, and concerns about asset valuations has pushed cash holdings to the highest level in two years, according to the Bank of America Merrill Lynch August Fund Manager Survey.
This content is exclusively for paying members. Sign up here
If you are subscribed and having an account error please clear cache and cookies if that does not work email firstname.lastname@example.org or click chat