Fund managers show trend toward the risk-averse
The June Survey of Fund Managers has been released by Bank of America Merrill Lynch, and it shows some classic late-stage downtrend behavior, as well as a new emphasis toward strongly risk-averse behavior.
The June Survey of Fund Managers has been released by Bank of America Merrill Lynch, and it shows some classic late-stage downtrend behavior, as well as a new emphasis toward strongly risk-averse behavior.
This is kind of interesting, Bank of America Merrill Lynch is out with their June Survey of Fund Managers and the asset allocations are getting heavily risk-averse.聽 This is classic late-stage downtrend behavior and it goes a long way toward explaining why the rallies are so sharp and fast when they materialize - way too many fence-sitters and sideliners out there amongst the pros:
But resist the urge to do a knee-jerk "fade the herd" thing here minus other considerations.聽 This can persist (and worsen) for longer than you might think given the political and economic shitstorm we're witnessing around the globe.