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Cash allocations jumped to their highest level since May 2020, according to the U.S. investment bank which polled 363 investors with more than $1 trillion of assets between Feb. 4 and Feb. 10.
Despite hawkish central banks, inflation and asset bubbles being the top three market concerns, only 30% of investors expect an equity bear market in 2022. Russia-Ukraine tensions is the fifth biggest “tail risk” for markets.
However, 41% of investors expect flatter yield curve, the highest since Feb 2005, while long technology stocks remains the most crowded trade, according to the February edition of the survey.
