Hedge funds withdrawing cash to buy stocks in bulk: Survey

Bank Of America’s Global Fund Managers survey shows that hedge funds are withdrawing cash so much so that they are at the lowest cash levels in two years. Reportedly, this is to capitalize on bullish and end-of-year sentiment pouring into stocks and bonds as many investors look toward recent Fed comments and recent Treasury bond yields, confident that the market will turn around.
Yahoo Finance Senior Reporter Jared Blikre joins to break down the survey and market trends.
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