According to Odaily, a global survey conducted by Bank of America reveals that despite turbulence in global financial markets, investor optimism towards US tech giants and expectations for a soft economic landing remain robust. The survey, which included 189 participants managing a total of $508 billion in assets, shows that expectations for a soft landing have risen from 68% in July to 76%. However, expectations for global growth have significantly declined, with 47% of respondents now anticipating economic weakening over the next 12 months. Concerns about a US recession have overtaken geopolitical conflicts as the biggest tail risk. Bank of America strategist Michael Hartnett noted in the report, 'The core optimism for a soft landing and growth in major US stocks remains unchanged. However, investors now believe that the Federal Reserve needs to implement more substantial rate cuts to ensure a recession is avoided.' Earlier, tech stocks led a sharp decline in US equities due to high valuations and fears that the Federal Reserve might act too slowly in cutting rates to prevent a recession.