#Russia/#Ukraine drives cash levels of Fund Managers asked by BofA to 5.9% from 5.3%, highest since Apr'20 (COVID) as investors got more cautious/bearish. This triggers Fund Manager Survey Cash Rule tactical "Buy" signal. US equity return 1mth +1.3%, +4% 3mths, +6.5% 6mths. h/t Holger Zschaepitz
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