Markets

‘Sell the vaccine’: Big-money investors are the most bullish they have been since January 2018 — and Bank of America says that’s a signal to get out

Investor bullishness surged to its highest point since January 2018 amid US election outcomes and encouraging vaccine progress, Bank of America strategists said Tuesday. Fund managers’ allocations to stocks hit a net 46% overweight in the November 6 to November 12 period, closing in on the 50% threshold that indicates […]
‘Sell the vaccine’: Big-money investors are the most bullish they have been since January 2018 — and Bank of America says that’s a signal to get out
Markets

This asset manager thinks an Australian property ‘calamity’ is coming, so he sold all the firm’s shares

Australian asset manager Altair Asset Management has made the extraordinary decision to liquidate its Australian shares funds and return “hundreds of millions” of dollars back to its clients, citing an impending property market “calamity” and the “overvalued and dangerous time in this cycle”. “Giving up management and performance fees and […]
This asset manager thinks an Australian property ‘calamity’ is coming, so he sold all the firm’s shares