BofA poll shows tech overweight hits highest since August 2020
BofA poll shows tech overweight hits highest since August 2020
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BofA poll shows tech overweight hits highest since August 2020
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After an eventful summer, U.S. stocks appear to have hit a pocket of calm. Over the past few sessions, trading volume has dwindled, while major indexes have mostly drifted sideways.
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The latest Bank of America Global Fund Manager Survey showed investors have become less optimistic about the macroeconomic outlook, while positioning in technology stocks remains near its most extreme level in six years. The survey was conducted between October 2 and October 8 among 161 participants managing $453 billion in assets. The Bank of America Global Fund Manager Survey (FMS) is one of…
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