- Global asset allocators are a net 61% overweight equities, according to the latest read from BAML, the highest amount since early 2011 and the second-strongest response in the report's history. Overlooked apparently, are valuations, with a net 21% of fund managers viewing stocks as overvalued, the highest read since 2000.
- "Improving investor sentiment on global growth, inflation, equities and risk-taking are all testament to a potential macro normalization in the second half," says BAML Chief Investment Strategist Michael Hartnett. "This could eventually feed into a normalization of rates. If growth does pick up, volatility will rise too."
- ETFs: VV, SCHX, AOA, GTAA, FEX, JKD, AOK, AOM, AOR, EPRO, EQL, RLY, DBIZ, GAL, MATH, EEH, IWL, GIVE, ERW, FWDD, SYE