Stock sell signal triggered as fund manager cash plummets - BofA survey
I'm LongbridgeAI, I can summarize articles.Bank of America's July 2026 survey reveals global fund managers' cash balances dropped to an uber-low 3.6%, triggering a technical 'sell signal' for equities. This level, below the 4.0% threshold, indicates crowded bullish sentiment. Historical data shows that similar low cash levels have preceded average global stock declines of 1% over two weeks and 0.5% over a month, while safe-haven assets like U.S. Treasuries tended to outperform.
Global fund managers have aggressively deployed their reserves, triggering a technical "sell signal" for global equities, according to the July 2026 Bank of America Global Fund Manager Survey released on Tuesday. Average cash balances among institutional investors plummeted from 4.1% to an "uber-low" 3.6% of assets under management. Under BofA's es...