The World Has A New ‘Most Crowded Trade’ – And The Same ‘Biggest Tail Risk’

Earlier Tuesday, we brought you some highlights from the latest edition of BofAML's popular Global Fund Manager survey. The February installment shows respondents are reluctant to buy into the rally, despite the best start to a year for equities since 1987. In fact, equity allocations in the survey have fallen to one of their lowest levels since the crisis, while cash allocations are at the highest since 2009. Read more ‘Big Fat Buyers’ Strike’: Global Equity Allocations Dive In Latest

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