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Optimism or complacency - hedge it

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Optimism, not complacency

We are seeing a turn in psychology, but this is not complacency according to BofA. Their Global Equity Risk-Love indicator has surged from near-panic levels in March to the 78th percentile currently. They write that "everything" is optimistic but positioning. Such sentiment uplift, especially after a long stint in the panic zone, often suggests a shift in investor psychology, rather than complacency...You decide what to call it.

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