Investors are growing increasingly bullish as the stock market rally rolls on to end 2024. In Bank of America’s December Global Fund Manager Survey, 36% of respondents said they’re overweight US equities, the highest level seen in the survey’s history. This large shift into US stocks came alongside a record-low allocation to cash and a…
(Bloomberg) — A year ago, equity investors and strategists braced for a potential turbulent 2024, worrying about the risk of a hard landing for the US economy and interest rates cuts that could come too late to prevent it. Most Read from Bloomberg Fast forward to now: 2024 is set to enter Wall Street’s hall…
A contrarian sell signal recently flashed in the stock market, according to Bank of America. The drop below 4% in cash allocations suggests aggressive stock market investing, BofA said. Investors are growing more optimistic about economic growth, but fear geopolitical conflicts and inflation. Thanks for signing up! Access your favorite topics in a personalized feed…