Yep, FOMO!!

by Marty Mazorra CFP®, ChFC® Founder & Co-Chief Investment Officer

78% of mutual fund managers say stocks are overvalued:





But, per yesterday’s morning note (featured quote below) — and Stage 6 of the Boom/Bust Cycle — they’re playing the game anyway:


From Bloomberg’s Lisa Abramowicz this morning:

“It’s not just Davey Day Trader buying the recent rally. Fund managers’ June cash levels dropped from 5.7% to 4.7%, the biggest decline since Aug’09, while hedge fund net equity exposure soared to 52% from 34%, the highest since Sept’18: BofA Global June Fund Manager Survey.”



Yep, FOMO (Fear Of Missing Out)! 

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