Record cash levels show investors remain unconvinced by the stock market’s bullish transition in 2023, Bank of America says
January 27, 2023 at 23:07 PM EST
Investors have not fully bought into the stock market's bullish pivot in 2023 after a brutal sell-off last year wiped out trillions of dollars in market value. That's according to a Friday note from Bank of America, which highlighted the fact that as interest rates remain at multi-year highs, cash … Source