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Bank of America's FMS Sees Investors Boost Allocation to Stocks to a 5-Month High

GLOBAL

Bank of America's Fund Manager Survey for May:

  • Sees investors boost allocation to equities, hitting a new 5 month high, rotating out of commodities and into tech and Euro-area stocks
  • The survey sees long big tech, short banking and short USD as the most crowded trade
  • Their survey sees 71% of investors still seeing the debt ceiling being raised by the incoming X-date

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