BofA Fund Manage Survey Shows Investors Seeking Safety

The video discusses the October fund manager survey, highlighting a trend towards bearish sentiment and defensive strategies among investors. Despite market rallies, investors are increasing cash levels and focusing on defensive sectors. Concerns about being late-cycle and insufficient fiscal policy are prevalent. Contrarian views suggest potential market opportunities, especially in Treasurys and tech stocks. Recommendations include taking profits in Treasurys and tech, while considering cyclical sectors like financials and materials for future gains.

What do fund managers believe about fiscal policy and its effectiveness?

What is the outlook of Bank of America Merrill Lynch regarding risky assets?