November 18, 2025
Article from Bloomberg by Levin Stamm
Article Synopsis
Bank of America’s survey shows fund managers’ cash levels have dropped to a rare low of 3.7%, a signal that has historically preceded stock market pullbacks. Rising concerns over stretched tech and AI valuations are adding pressure, with strategists warning the market may correct further without a Fed rate cut soon. Investors now see a potential AI bubble as the top risk and increasingly expect international stocks to outperform the U.S. next year.
