💥 Global fund managers are BETTING HEAVILY on stocks…
👉 This was seen AFTER major ECONOMIC CRISES, prior to MAJOR RECOVERIES of the SP500
👀 The cash allocation of fund managers fell to 3.9%, the second lowest level in 12 years
- This is part of a BofA survey of 175 participants with $434 billion in assets.
- It marks the third consecutive monthly decline since the 4.8% recorded in April.
- Meanwhile, the level of risk in investors' portfolios reached its highest recorded level, dating back to 2001.
👀 At the same time, managers have just increased their risk exposure at the fastest pace in history.
- Historically, these types of movements coincided with the start of major bull cycles:
- As you can see in the chart, this was seen in:
Jan 2002
Jun 2009
Jan 2013
Jan 2021
And now… July 2025
What does this mean?
📍 We could be in the initial phase of a major rise in the SP500, even if it seems to have already risen a lot
📍 The massive issuance from central banks may be one of the main reasons for this.