Big investors are all-in on stocks: (Patreon)

Big investors are all-in on stocks:

Global fund managers cut their cash holdings to 3.8% in October — the lowest level in 12 years. Cash has been 4% or less of total assets for four months in a row. Cash levels have only been this low a few times since 1999.

45% of managers now hold more stocks than usual, the highest since January 2025.

In short: institutional investors are very heavily invested in stocks right now.