Investors are all-in on stocks, and a June swoon could be next, BofA says

Investors are holding the lowest cash levels since February 2024, according to a BofA fund manager survey, signaling stretched positioning. The report warns this could leave markets vulnerable to a pullback this summer as cash buffers remain thin. The article is sentiment-driven rather than event-driven, but it may reinforce a defensive near-term market stance.

Analysis

Investors are holding the lowest cash levels since February 2024, according to a BofA fund manager survey, signaling stretched positioning. The report warns this could leave markets vulnerable to a pullback this summer as cash buffers remain thin. The article is sentiment-driven rather than event-driven, but it may reinforce a defensive near-term market stance.