Via Zero Hedge:
The November Fund Manager Survey which polled 216 panelists with $573BN in AUM, and which according to Hartnett – who also organizes the poll – was “the most bullish Fund Manager Survey (FMS) of 2020 on the back of vaccine, election, macro; Nov FMS shows a big drop in cash, 20-year high in GDP expectations, big jump in equity, small cap & EM exposure.”
And since the findings merely underscores what he had already discussed last week, his assessment of the current euphoria mood is that “reopening rotation can continue in Q4 but we say “sell the vaccine” in coming weeks/months as we think we’re close to “full bull.”
