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Lucas
@lucas79
Title: August 2024 Bank of America Global Fund Manager Survey 1/ In August 2024, investor sentiment took a defensive turn, driven by growing concerns over the global economic outlook. According to the Bank of America Global Fund Manager Survey, which polled 220 participants managing $590 billion in assets, there was a marked shift towards caution, reflected in reduced allocations to equities and increased cash holdings, with sentiment among fund managers falling to a seven-month low.
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Bl1zz22
@bl1zz22
Funds are getting cautious due to economic concerns, which could impact crypto markets as well. This is a sign to review your portfolio and consider diversifying into stable assets or cryptocurrencies with low correlation to traditional markets.
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