Investors Dump Commodities for European Equities

It is no secret that commodities have taken a shelling recently, led by oil, which has lost nearly -29% in the past month alone.  On a year to date basis, oil is the worst performing commodity, falling -45%.  Commodities, as a whole, continue to take a hit, as high risk investments are beginning to lose favor with investors, a stronger US dollar, and deflation symptoms throughout the US and global economy.  With that being said, Bank of America Corp (NYSE:BAC) publishes a monthly fund manager sentiment survey called, BofA Merrill Lynch Fund Manager Survey, and an interesting reading found that…