According to a recent reading by Bank of America’s popular finance manager survey, fund managers have not chased stocks since the massive rally in March.
The study by finance managers found that cash levels had risen, from 4.8% in their portfolios in September to 4.6% in August. At the same time, investors were investing heavily in industry, small capital stocks and technology, health and the loss of big caps.
Financial managers do not rotate regions, preferring the US to European, UK and emerging markets.
The net 18% is the heaviest stock, which is not particularly high in the history of the survey.
Fund managers are particularly concerned about the UK New Concerns About Brexit Are raised. UK stock weighs 35% less on the net, the worst since March 2018.
The survey found that banks and energy stocks are still undesirable.
Strategists, led by Michael Hartnett, are stabilizing the S&P 500 Index SPX.
Between 3,300 and 3,600, and the cycle is still in its infancy.
For the first time since February, more and more investors are claiming that the global economy is in an early cycle rather than a recession.
Financial managers were also asked about the bond markets, where yields are sluggish. According to 41% of team members, a reliable vaccine promotes higher yields.
The study, conducted from Sept. 3 to 10, included 224 panelists managing $ 644 billion in assets.
In early trade on Tuesday, the S&P 500 rose 51% since March, and the technology-heavy Nasdaq Composite COMP,
Increased by 61%.
“Explorer. Devoted travel specialist. Web expert. Organizer. Social media geek. Coffee enthusiast. Extreme troublemaker. Food trailblazer. Total bacon buff.”