Global investors dump US stocks at record pace, BofA survey says

[BLMFem]

And the winning just continues!

 

Global investors dump US stocks at record pace, BofA survey says

 

"Global investors have slashed their holdings of U.S. stocks by a record amount in the past two months, a trend that is likely to continue given a record number of managers say they plan to keep cutting their exposure, BofA Global Research said on Tuesday.
Respondents to BofA's monthly survey of fund managers were a net 36% underweight U.S. equities, the most in nearly two years, a number that has plunged by 53 percentage points since February, the biggest such fall on their records."

 

[FlorC]

Good, stocks are way overvalued.