Oct 16, 12:05 AM

FMS Investors and Households Boost Equity Allocation in October, Largest Increase Since June 2020

In October, FMS investors significantly increased their equity allocation, marking the largest rise since June 2020, according to a report by Bank of America (BofA). Household equity allocation also reached notable levels. This surge in equity allocation reflects a strong market sentiment driven by fear of missing out (FOMO). Concurrently, there was a notable shift in investment preferences, with allocation to staples falling at the fastest pace since 2005, while allocation to consumer discretionary saw its biggest monthly increase on record since 2005.

#Bank of America #BofA

Written with ChatGPT (GPT-4o).