Investors are so confident in stocks, they have a record low allocation to the safety of cash

A recent Bank of America survey of global fund managers showed the lowest cash allocation on record, with participants heavily underweight in cash compared to stocks. This bullish sentiment is driven by expectations of interest rate cuts from the Federal Reserve and anticipated growth under President-elect Donald Trump. Despite a recent breather in the equity market, Wall Street is preparing for further gains in 2025, with the S&P 500 expected to climb over 10% according to market strategists.

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