
‘Bull crash’ has driven the biggest ever drop in allocation to US stocks: Bank of America
MILAN (Reuters) – Allocation to US stocks saw the biggest drop ever in March with concerns over stagflation, trade wars and the end of US exceptionalism driving a “bull crash” in sentiment, a survey of investors from BofA Global Research showed. Global investors raised their allocation to cash to 4.1% from 3.5%, ending a “sell…