Core Viewpoint - Global investors are entering the next year with historically low cash levels on the sidelines, indicating a strong commitment to equities and commodities, influenced by President Trump's economic strategy [1] Group 1 - Bank of America's survey of fund managers reveals that cash levels are at their lowest recorded point [1] - Investors are making significant bets on stocks and commodities, reflecting confidence in market performance [1] - The economic strategy of President Trump, described as "run it hot," is shaping investment decisions among global investors [1]

Market Trends - Chinese households increased their cash holdings last month [1] - This increase suggests a growing reluctance towards investing in local stocks [1]

Investment Strategy - US companies are reducing cash reserves [1] - Companies are increasing investments in longer-term securities [1] - The strategy is based on the expectation that Federal Reserve rate cuts will increase returns [1]