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.
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