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BANK OF AMERICA: Market bulls have been ‘silenced’ — but there are 2 big reasons they refuse to give up on stocks





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  • Bank of America Merrill Lynch’s fund-manager survey shows a handful of statistics suggesting bullish sentiment has been tempered.
  • Yet the stock market continues to climb higher, and BAML sees two reasons investors are so reluctant to throw in the towel.

As the stock market has shaken off recent turbulence and continued its long-running chug higher, some shifts have occurred under the surface that suggest investors aren’t as confident as they seem.

For one, cash holdings jumped to 5% from 4.6%, according to Bank of America Merrill Lynch‘s latest monthly fund-manager survey, which includes 216 panelists who manage read more >>>

Source:: BusinessInsider.Com

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