TeleTrade - Analytics

    TeleTrade

    873.00 6.50/10
    64% of positive reviews
    Real

    15.07.2015 08:14 Cash levels rise to 5.5%

    According to the latest Bank of America Merrill Lynch (BofAML) fund manager survey, which was conducted between July 2 and July 9, cash levels rose to 5.5% due to concerns over Greece, China and a possible interest rate hike by the Federal Reserve. It was the highest level since December 2008.

     

     

    "When average cash balance rises above 4.5% a contrarian buy signal is generated for equities. When the cash balance falls below 3.5% a contrarian sell signal is generated," BofAML analysts said.


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree