The AAII investor asset allocation survey showed allocation to bonds rising to 14.1%, stocks falling to 64.6%, while cash increased to 21.2%. Cash allocation showed the largest change on the month and stands at the highest since May 2020
Even though, survey respondents showed another decrease to allocation in stocks, it remains above the long-term average of 62% (monthly data going back to late 1980s). Historically, the metric has printed below 50% during a bear market turn around, excluding the 2020 episode. Allocation in stocks hit a low of 40.8% in 2009, 42.8% in 2002
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