Bank of America has seen a record rise in investor optimism since June 2020, according to a survey of fund managers .

Reasons: Federal Reserve rate cuts, economic stimulus from China and expectations of a soft landing for the U.S. economy.

Forecasts: 76% of fund managers believe a soft landing will indeed happen.

Risks: 33% of respondents identify geopolitical factors as the main “tail risks”.

Economic growth: Global economic growth expectations are rising at the fastest pace since May 2020.

Portfolio changes: Cash levels fell from 4.2% to 3.9%, and equity investments increased significantly, while the share of bonds decreased.

Election Impact: Respondents believe the upcoming US presidential election will have a significant impact on trade policy. $BTC