Cash is Trash?
BofA survey reporting Fund Managers are net *underweight* Cash for the first time since 2011...
"Cash is Trash"
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To be fair, we can think of at least 2 asset classes which are probably better bets than cash as defensive assets (and maybe 2-3 others for those with a long/short latitude)
https://twitter.com/topdowncharts/status/1780347938067116292
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