BofA survey flashes sell signal as cash falls to 3.5%
Bank of America’s August Global Fund Manager Survey shows global equity allocations at a net 56% overweight and cash at 3.5%, triggering its contrarian sell signal.
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Bank of America’s August Global Fund Manager Survey shows global equity allocations at a net 56% overweight and cash at 3.5%, triggering its contrarian sell signal.
The SOXX’s RSI indicator has fallen further below the overbought threshold despite prices making record highs. History suggests that’s a bad sign.