Private client cash levels, as a percentage of the total assets, drop to a record low; institutional investors hold lowest level of cash.In global markets , all signs of sentiment are pointing up. This is a sign of confidence not just for the market, but for fund managers that make their living picking stocks . Third and lastly, in perhaps the most direct reflection of swelling confidence, global markets are hitting records. The gauges are up 265 per cent and 466 per cent, respectively, over the course of the bull market. A “big fall in markets“ will be an “autumn, not summer event,“ strategists at Bank of America Merrill Lynch wrote in a client note.

Source: Economic Times July 24, 2017 05:37 UTC