SPACs Make a Strong Comeback After Epic Rise and Fall
The latest Bank of America survey, conducted in July 2025, reveals that fund managers’ cash levels have dropped to 3.9%, triggering a sell signal in the bank’s proprietary trading model. This decline in available cash suggests that funds are becoming more heavily invested in risk assets—potentially setting the stage for a short-term market correction.
The survey, which includes responses from over 200 fund managers worldwide, also highlights growing concerns about inflation and possible monetary policy shifts that could impact fixed-income asset performance. Despite the sell warning, many managers remain confident in economic growth and the strength of equity markets.
