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May 5, 2015

#MiningStocks heavily underweighted - although many #commodities stocks have already turned

Merrill Lynch Fund Managers Survey May 4, 2015

Today's chart of the day focuses on sentiment in the basic materials sector. Regular readers of the blog already know that I have been closely following Merrill Lynch's Fund Manager Survey for years now. This months survey was conducted in a period between 2nd to 9th April 2015 with a total of 177 panellists, with $494 billion of assets under management. The survey should be used as a very good contrarian indicator.
Chart Of The Day: Fund managers continue to be underweight miners
 Source: Merrill Lynch Research

The MasterBlog: #MiningStocks heavily underweighted 

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