[h=1]Investors in cash near 15-year high as Wall Street braces for shocks[/h]
By
Sue Chang
Published: May 18, 2016 4:43 p.m. ET
If cash positions are anything to go by, investors are bracing for a wild ride in the markets.
More fund managers are keeping their money in cookie jars rather than investing, pushing cash levels toward a multiyear high not seen since earlier this year when stocks
DJIA, -0.02% SPX, +0.02% were tumbling, according to a Bank of America Merrill Lynch survey.
Cash levels inched up to 5.5% in May versus 5.4% in April, nearing the 15-year high of 5.6% in February.
?If you go down to the woods today, it will be full of bears. Investors [are] positioned for a ?summer of shocks,? said the bank in its monthly survey of money managers positions released Tuesday....
