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Bank of America survey shows full investor capitulation amid pessimism

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YahooFinance-Bloomberg/Sagarika Jaisinghani and Michael Msika/7-19-2022

image of bear peaking from behind a tree“Investors slashed their exposure to risk assets to levels not seen even during the global financial crisis in a sign of full capitulation amid a ‘dire’ economic outlook, according to Bank of America Corp.’s monthly fund manager survey.”

USAGOLD note: We emphasize that this is a survey of fund managers – those with the ability to make and move mountains – not the general public. The bear lurks……

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