BofA Fund Manager Survey: Cash Levels Drop to 3.6% from 4.1%, Triggering Sell Signal

According to Bank of America's fund manager survey, cash levels among fund managers dropped to 3.6% from 4.1%, reaching what BofA characterizes as an "extremely low" level. The decline has triggered a sell signal under Bank of America's cash positioning rule, a contrarian indicator used to assess market timing.
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