By Christine Hughes, Canada. Chief Investment Strategist, OtterWood Capital:
Bank of America Merrill Lynch conducts a monthly fund manager survey, and the latest one shows that investors are feeling very nervous. Fed and Greece concerns are causing investors to buy record protection against market downturns (since the crash).
In the last 4 weeks the survey shows that investors have sold equities, reduced risk, and raised cash:
By Christine Hughes, OtterWood Capital
Here is another worrisome chart – a potentially ugly one when the selling starts. Read… Where Did Stock Market Volume Go?