Money manager allocations to U.S. stocks are at the highest level in three years, research from Bank of America Merrill Lynch suggests. As professional investors turn their back on Europe and emerging market equities, it raises questions about what’s causing this sudden shift.
Brian O'Connell is a former Wall Street bond trader and author of the best-selling books, such as The 401k Millionaire. He's a regular contributor to major media business platforms. He resides in Doylestown, Pa. Brian may be reached at firstname.lastname@example.org.