Investors piled into equities in November, lifting allocations to stocks and stock funds by 170 basis points to 66.4%, according to the American Association of Individual Investors. It's the 44th consecutive month with stock allocations above their historical average.
Cash allocations fell 150 basis points to 17.2% - the lowest level since May 2015.
Most notable, according to AAII, is November marking a shift from previous months' behavior which saw investors increasing holdings of fixed-income and cash.
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