Investors Take Biggest Cash Position in a Decade Despite Market Rally
via CNBC: Professional investors took their highest cash positions in 10 years during January after the brutal fourth-quarter sell-off, according to the latest Bank of America Merrill Lynch Fund Mangers Survey. The pessimism was reflected in a belief that the S&P 500 peaked last year at a level 8.2 percent higher than Monday’s close. Such … Read more