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17 Jan 2025

Bullish sentiment is through the roof: US households, mutual funds, pension funds, and foreign investors' financial asset allocations in US stocks hit a record 54%.

Since the 2009 low, this percentage has DOUBLED, exceeding the 2000 Dot-Com Bubble peak of 51%. On the other hand, allocation to debt instruments like bonds has dropped by 9 percentage points to an all-time low of 18%. At the same time, cash allocation has fallen to 13%, near the lowest on record. Investors are all-in on stocks.

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