Bank of America notes continued bullish sentiment among investors. (fund manager survey)
đ°The managers surveyed manage $632,000,000,000+ in assets.
âïžOptimistic sentiment in the markets is caused by expectations of a Fed rate cut and a soft landing.
âïž62% of respondents predict at least three Fed rate cuts over the next 12 months .
âïžMost fund managers are confident that the global economy will NOT grow over the next 12 months. (expectations are the most pessimistic since March 2022)
âïž62% of respondents are confident that global inflation will decrease within 12 months.