Odaily Planet Daily News: According to a global survey by Bank of America, despite the turmoil in global financial markets, investors' optimism about US technology giants and expectations for a soft landing of the economy have not weakened. The survey surveyed 189 participants with a total of US$508 billion in assets, and the results showed that expectations for a soft landing rose to 76% from 68% in July. Despite this, participants' expectations for global growth have fallen sharply, and 47% of respondents now expect the economy to weaken in the next 12 months. A US recession has replaced geopolitical conflicts as the biggest tail risk. "The core optimism about a soft landing and US large-cap growth stocks has not changed. It's just that investors now believe that the Fed needs to cut interest rates more significantly to ensure that there will be no recession." Earlier, technology stocks led the plunge in US stocks, plagued by overvaluation and concerns that the Fed would be too slow to cut interest rates to prevent a recession. (Jinshi)