(FinAlternatives) Investors have amassed their largest cash pile since 2001 and cut equity holdings to a four-year low, according to a new survey by Bank of America Merrill Lynch. Worries over a Brexit and policymakers’ ability to bolster a fragile global economy are contributing to weak sentiment and resulting in “dry powder” levels well above those typically associated with contrarian equity market buy signals.
BofAML: Global Cash Levels at Highest Level Since 2001
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