Bank of America notes continued bullish sentiment among investors. (fund manager survey)

💰The managers surveyed manage $632,000,000,000+ in assets.

✔Optimistic sentiment in the markets is caused by expectations of a Fed rate cut and a soft landing.

✔62% of respondents predict at least three Fed rate cuts over the next 12 months .

✔Most fund managers are confident that the global economy will NOT grow over the next 12 months. (expectations are the most pessimistic since March 2022)

✔62% of respondents are confident that global inflation will decrease within 12 months.