BI Prime, Bank of America, Trade War, Recession, US Treasuries, Equities, Bonds,

Investors — terrified by the global trade war — have more cash sitting on the sidelines than in the 2011 debt crisis, and Bank of America says it’s ‘a contrarian buy signal’

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Reuters Bank of America’s monthly fund manager’s survey quizzes 230 leading investors who are now at their most bearish since the global financial crisis.  They have 5.6% of their holdings in cash, the most since 2011. Undeployed cash is a contrarian "buy" signal, BofA says. The pessimism is driven by the ongoing uncertainty about the […]

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