Bank of America Survey: Fund Manager Stock Allocation Hits Near 5-Year High, Bullish Sentiment Masks Underlying Risks
A Bank of America survey reveals a net 56% of fund managers are overweight stocks, the highest since Nov 2021, with cash allocations at a low 3.5%. While sentiment is bullish, the report warns of risks from AI bubbles and cloud provider capex, suggesting rotation within risk assets rather than further accumulation.
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