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Sinking outlook for global growth is causing fund managers to hoard cash at the highest level since the start of the pandemic, Bank of America says

Sinking outlook for global growth is causing fund managers to hoard cash at the highest level since the start of the pandemic, Bank of America says

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“Cash levels are recessionary. Economic growth and profit expectations are recessionary,” wrote Bank of America’s chief investment strategist.

...read full article on Business Insider

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