Fund managers are pouring money into US stocks, as profit outlook best in world
U.S. stocks are the place to be, according to global fund managers, who are now overweight America for the first time in 15 months and see a very robust profit outlook.
The fund managers, surveyed by Bank of America Merrill Lynch, are also buying energy, and their allocation to commodities is at an eight-year high.
FAANG remains the most crowded trade for a fifth month.
Trade issues are seen as the biggest tail risk.