Posted: April 30, 2020 in: Uncategorized

Bloomberg: BofA’s Hyzy Says Buy Dip in U.S. Stocks on Maximum Bearishness

“BofA’s Chris Hyzy, who advises wealthy clients with assets totaling $2.7 trillion, said that investors are just starting to reallocate their cash toward equities and will need to see “constant” confirmation that coronavirus medical treatments and trials in April and May are working before they deploy their dry powder. Once the prospects of a vaccine come closer to reality, cash levels will drop “more aggressively,” he said in an interview.”

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