📝Investors' Allocation to Cash At Record Low Levels: BofA

Global Fund Manager Survey showed investors' sentiment is "super-bullish" on the month. Investors' allocation to cash is at a record low level, while allocation to U.S. stocks is at a record high. Global risk appetite is at a three-year high, driven by growth optimism related to U.S. President-elect Donal Trump's second term and rate-cutting Federal Reserve. - BofA