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Highlights from Bank of.......>

GLOBAL MARKET/OPINION
GLOBAL MARKET/OPINION: Highlights from Bank of America's July Fund Manager
Survey (per Reuters):
- 74% of respondents say long tech sector is the most crowded trade, with the
highest reading in Fund Manager Survey history.
- Only 14% of respondents see the economic recovery beind V-shaped, with 44%
expecting a U and 30% seeing a W-shaped recovery.
- The survey respondents saw higher and choppier prices for equities over
Summer, recommending selling the S&P500 above 3,250 and buying on prices below
2,950.
- Lastly, the survey records a large jump in exposure to European equities, with
42% of those surveyed wanting more Euro exposure.

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