Investors are most bullish on stocks since the start of the pandemic, according to BofA fund manager survey
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Investors are most bullish on inventories since the February start of the pandemic-induced market sell-off, are consistent with a Bank of America fund manager survey exhausted on Tuesday. And despite the steady rise in bullishness over the past few months, sentimentality is still “far from dangerously bullish, ” Bank of America said. Harmonize to the survey, “the worlds largest” mobbed crafts among portfolio overseers include long US tech furnishes and long amber. The BofA Bull& Bear Indicator is now at 3.7 out of 10, which is far from excess bullishness. Visit Business Insider’s homepage for more floors.
Probably the biggest driver in investor feeling is price, as evidenced by the most recent fund manager survey from Bank of America.
The survey, secreted on the same day the S& P 500 stumbled record highs , found that investors are now most buoyant on capitals since the start of the COVID-1 9 generated busines sell-off that started in sometime February.See the rest of the narrative at Business Insider
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August 25, 2020 