Investors bullish on cash, bearish on equities: Survey

Yahoo Finance Live’s Rachelle Akuffo breaks down the chart of the day, which consists of findings from a survey conducted by Bank of America.

Video Transcript

RACHELLE AKUFFO: All right, now it's time for today's Chart of the Day. B of A's fund manager survey for March reveals investors are bullish on cash and bearish on US equities as an asset class. Now this comes as banking fears continue to drive investors to safe havens on the heels of the collapse of Silicon Valley Bank. For the month, investors were most bullish on cash, emerging market equities, and alternative investments. After equities, they were most bearish on discretionaries.