Stock Market Poised For 'Big Low' And 'Big Rally' As Fund Managers Cash Out Over Financial Stability Concerns

  • 📰 Forbes
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 53%

Business News News

Business Business Latest News,Business Business Headlines

Fund managers note market liquidity has 'deteriorated significantly' over the past month, according to Bank of America's latest survey.

As signs of an economic slowdown grow, fund managers around the world are plowing into safe-haven assets like cash at near-record levels, suggesting to Bank of America analysts that the stock market may be due for much more turbulence—including a new low and forceful bear market rally—over the next several months.... [+]According to Bank of America's latest fund manager survey, investors are now holding about 6.

The survey, composed of 371 panelists managing $1.1 trillion, also found market liquidity has"deteriorated significantly" over the past month—with managers rating conditions at levels seen only during the Covid-induced crash in April 2020 and the Great Financial Crisis that started in 2007.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock Market News: Dow Futures Rise After Bank of America EarningsFutures rose after Bank of America's earnings, and investors cheered the U.K.'s U-turn on economic policies. Follow our live markets coverage.
Source: WSJ - 🏆 98. / 63 Read more »

Bank of America beats earnings target as net interest income and revenue riseBank of America Corp. undefined shares rose 2.4% in premarket trades Monday after the megabank topped earnings and revenue estimates. The bank said its...
Source: MarketWatch - 🏆 3. / 97 Read more »