Professional investors reduced cash allocations and moved back into riskier parts of the market in July, according to the latest Bank of America Merrill Lynch Fund Managers Survey.
Market pros in July reduced cash allocations, though still to a point that is well ahead of historical averages. At the same time, survey respondents said they rotated back into risk, particularly in the more cyclical parts of the market like industrials, banks and European equities. In doing so, they cut back on safe haven bonds, utilities, consumer staples and real estate investment trusts, the survey indicated.
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:
LMFAO LOLOLOLOLOL more permabullshit you absolute charlatans
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US stock futures edge higher as investors await earningsU.S. stock index futures ticked higher Tuesday morning ahead of earnings reports from a slew of major American companies.
Source: CNBC - 🏆 12. / 72 Read more »
Asia stocks set to trade lower as investors await clues from RBA meeting minutesInvestors will watch for the release of the Reserve Bank of Australia's meeting minutes, for clues on the next monetary policy move by the central bank after it cut its cash rate to a new record low in July. 🤦🏿♂️i told so. gold equals to money.
Source: CNBC - 🏆 12. / 72 Read more »
European stocks set to open higher despite China slowdown fearsEuropean stocks are set to rise Monday, despite worries China's economy is slowing amid a trade war with the U.S.
Source: CNBC - 🏆 12. / 72 Read more »
Cannabis stocks rally after FDA says it will speed up effort to create rules for CBDCannabis stocks were mostly higher on Monday, after the U.S. Food and Drug Administration said it is expediting its effort to create a regulatory framework... Interesting to watch. How much of this is a hype? Is everything already priced in and the current rally is purely based on the future/speculation?
Source: MarketWatch - 🏆 3. / 97 Read more »
U.S. stocks set to tread water as investors await trio of bank earningsU.S. stock futures trade on either side of unchanged Tuesday morning a day after major equity indexes eked out a round of fresh all-time closing highs as Wall Street braces for a trifecta of bank earnings — likely to set the tone for trading on the day.
Source: MarketWatch - 🏆 3. / 97 Read more »