Investor gloom hits 30-year high… Record number plan US equity pullback… Cash levels still too low to signal peak fear… Markets calm but left tail looms large…
OOPS! Investors haven’t been this bearish in 30yrs, BofA poll shows. 82% of fund managers expect the global economy to weaken, and a record number intend to reduce exposure to US equities. BUT “peak fear” is not yet reflected in …