Investors reportedly turn cautious on stocks as bond yields rise
A post citing BofA’s fund manager survey says global equity overweight fell from 56% to 49% and cash levels rose, even as investors remained bullish on earnings and economic growth.
TLDR
A post citing BofA’s fund manager survey says rising bond yields and U.S. midterm uncertainty are weighing on investor enthusiasm for stocks. It describes a shift toward caution, with global equity overweight falling and cash levels increasing. A disorderly bond selloff is now the top market tail risk, according to the account, though investors remain bullish on corporate earnings and economic growth.
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