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Bank of America's Global Fund Manager Survey highlights:

GLOBAL MARKET/OPINION
  • Sentiment on global growth at an all-time high, V-shaped recovery now consensus
  • Equity & commodity allocation highest in ten years, 13% say it's a bubble
  • FMS cash levels down to 3.8%, lowest since early 2013 before Fed taper tantrum
  • Tail risks cited: vaccine rollouts, taper tantrum, inflation
  • Most crowded trades: long tech, long bitcoin, short USD

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