A closely watched Wall Street survey is showing that fund managers are overwhelmingly bullish on stocks, even as interest rates, inflation and concerns about the massive artificial intelligence investment boom threaten to complicate the outlook.
Bank of America Securities' latest Global Fund Manager Survey found investor sentiment at its third-most bullish level since 2022, according to CNBC. The optimism is already showing up in portfolios, with professional investors cutting cash holdings and significantly increasing their exposure to global equities.
