BofA: Optimism Tanks Buy Fund Managers Are Still In Stocks

🚨 🚨 Bank Of America: Macro optimism among fund managers is “tanking” to pandemic levels, but they still won’t move to risk-off. Rare fund manager survey disconnect between asset prices and fundamentals is growing. Growth expectations are saying equity allocations should fall, but risk taking is telling the story that investors are ignoring the macro
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