Last Time This Happened...

FUND MANAGERS SURVEYThere is a great deal of information in the blurb below from Yahoo Finance:“Bank of America’s latest survey of fund managers with $745 billion in assets under management was conducted on Dec. 6 to Dec. 12, when it became clear a phase one trade with China would be inked. Cash levels in December as a percentage of their portfolios are at the lowest level since March 2013. The allocation to global equities surged 10 percentage points from November to 31% overweight, the highest

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