BAML Survey Of Asset Managers Says “Boom” Best Describes Market

Asset managers have turned decidedly bullish on the stock market year-over-year, a Bank of America Merrill Lynch report notes. The long-only investors in the survey are questioning the long dollar trade as well as shorting government bonds and they think tax reform will happen, it is just a matter of when. 2016 Hedge Fund Letters Major asset managers turn bullish Major asset managers have been deploying cash. The BAML Fund Manager Survey (FMS), released February 14, is a monthly survey of 200-250 primarily long-only investors.  The report showed that major asset managers have been deploying their dry powder, as cash…