Investors Haven’t Been This Bullish on U.S. Stocks Since 2015
- Overweight positioning is sign returns may have peaked: BofA
- America most popular equity region for first time in 5 years
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The bull run that has taken U.S. equities to record highs this year may be about to reach its peak, according to the latest survey of fund managers by Bank of America Merrill Lynch.
Allocations to U.S. stocks jumped 10 percentage points this month to a net 19 percent overweight, the highest since January 2015, the survey said. That makes America the most popular equity region for the first time in five years, according to the bank’s analysts.