Bank of America’s monthly survey shows fund managers have experienced a “bull crash” in sentiment, with optimism rapidly draining. The survey recorded the second-biggest drop in global growth expectations in its history, plummeting from -2% in February to -44% in March. U.S. equity allocations saw their largest decline ever, while…
Market Optimism Evaporates: BofA Survey Shows Dramatic Shift to Defensive Positioning

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