What do you get for the market that already has everything? All right, maybe not everything, but investors have been blessed with an abundance of advantages and good fundamental fortune, along with the policy help the market both hoped for and expected. The bulls got a dovish turn from the Federal Reserve without much noticeable…
(Bloomberg) — Global equities are likely to rally even higher as a jump in economic growth expectations is keeping stock bulls firmly in control, according to Bank of America Corp.’s Michael Hartnett. The bank’s latest survey showed a net 28% of global fund managers are overweight equities, the highest in seven months. Opinions about growth…
(Bloomberg) — A record share of fund managers see US stocks as too expensive after the sharp rally since April lows, according to a monthly survey by Bank of America Corp. Most Read from Bloomberg About 91% of participants indicated that American stocks are overvalued, the highest ever proportion in data going back to 2001….
(Bloomberg) — The risk of a bubble in stock markets is rising as monetary policy loosens alongside an easing in financial regulation, according to Bank of America Corp. (BAC) strategists. Most Read from Bloomberg The team led by Michael Hartnett said the world policy rate has fallen to 4.4% from 4.8% in the past year…
Professional fund managers might be getting a little too confident that this stock market rally has room to run, according to Bank of America. The bank’s monthly fund manager survey showed that professional investors are putting more and more cash to work, which could be a contrarian indicator and spell future trouble, investment strategist Michael…
(Bloomberg) — US stock futures retreated Friday as American trade partners pushed for concessions ahead of a July 9 deadline to finalize trade deals with the Trump administration. Meanwhile OPEC+ delegates meeting tomorrow will consider an increase of more than 411,000 barrels a day in August. Most Read from Bloomberg Contracts for the US benchmark…