Bank of America Survey

Investors Seek Refuge in Cash as Recession Fears Mount, BOFA Survey Reveals

Investors, plagued by mounting pessimism, have sought refuge in cash, according to a recent survey conducted by Bank of America. The survey highlights a notable 5.6% increase in cash reserves during May, as apprehensive investors brace themselves for a potential credit crunch and a recession. Flight to Safety: Investors Increase Cash Reserves and Brace for […]

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Bank of America’s Active Crypto Users Drop More Than 50% in Bear Market

Bank of America has revealed that the number of its customers who are active crypto users has declined more than 50% from its peak in November last year. In addition, the bank said its data “shows that outflows to crypto platforms have fallen sharply,” indicating that “consumers are pulling back on their net investment into […]

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Bank of America Survey: Most Fund Managers Say Bitcoin Is a Bubble, Inflation Is Transitory

Bank of America Survey: Most Fund Managers Think Bitcoin Is a Bubble and Inflation Is Transitory

The latest Bank of America’s Global Fund Manager Survey shows that “long bitcoin” is now the second most crowded trade. Moreover, most fund managers believe bitcoin is in a bubble and agree with the Fed that inflation is transitory. Bank of America’s June Fund Manager Survey Bank of America (BofA) released its June Global Fund […]

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Inflation Concerns Supersede Covid-19: 220 Investors Managing $650B Say Economy’s Biggest Risk Is Inflation

As mainstream media pundits like the Bloomberg economics editor Peter Coy tell Americans to “tune out the hyperinflation hype,” fund managers from a recent Bank of America survey who collectively manage $630 billion, believe inflation is the biggest risk to markets right now. Instead of the former concern over Covid-19, the current number one risk […]

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