The BofA March Fund Manager Survey reveals that global growth expectations are at a 2-year high, with recession risks dissipating. Investors are positive on corporate profit growth for the first time since January 2022. There has been a significant move into emerging market and Eurozone stocks, with outflows from U.S. equities, particularly discretionary and tech sectors.
Wall Street optimism on stocks is at its highest level since early 2022, BofA survey shows https://t.co/aiwwqX86lO
This is what we call "euphoria" 🚨 BofA's latest Global Fund Manager Survey showed the biggest percent of respondents saying they are taking higher than normal levels of risk relative to benchmarks since Nov-21
BofA Poll Shows Investors’ Risk Appetite at Highest Since 2021 - Allocation to stocks is at a two-year high, while fund managers have shown a “big rotation” into Europe, EM and financials, the poll showed - Investor sentiment — based on cash levels, equity allocation and… https://t.co/USeSzEMlhe