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

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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."

 

Good, stocks are way overvalued.

 

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