Bank of America's May Fund Manager Survey reveals that cash levels have decreased to a 3-year low of 4.0% from 4.2%, with stock allocation at its highest since January 2022. 82% of fund managers expect the first Fed rate cut in the second half of the year, and 78% believe a recession is unlikely in the next 12 months. The survey shows the most bullish sentiment since November 2021, driven by optimism about rate cuts rather than earnings.
BofA Fund Manager Survey summary: • Global Fund Managers most Bullish since NOV 2021. • Majority expect rate cuts in second half & no recession. • Cash levels at 3-year low, stock allocation highest since JAN 2022. • Most crowded trade: long Mag7 (51%). https://t.co/fgouLFEp51
Bank of America Fund Manager Survey 📈 https://t.co/UtpInqdMDS
BofA global fund manager survey most bullish since November 2021 https://t.co/C4vmjldqwH https://t.co/hEFcAiuwg5
Money managers are more bullish than at any point since November 2021, survey shows https://t.co/31HVgOq0N6
"May FMS sentiment is at the most bullish level since Nov'21." - BofA Global Fund Manager Survey https://t.co/Jx3svyhU8e
Fund manager survey shows most bullish sentiment in two-plus years https://t.co/InznLbP6Ku
OOPS! May Fund Manager Survey (FMS) sentiment is at the most bullish level since Nov’21, BofA says. The average cash level of FMS investors fell to 4.0% of AUM from 4.2%, lowest since Jun’21. https://t.co/xikmMsnm83
Investor sentiment in the latest Bank of America global poll reached the highest since Nov. 2021, with fund managers expecting Fed rate cuts to come later this year. Investor cash levels fell to a 3-year low, while stock allocations increased to the highest since Jan 2022.
Investors 'most bullish' since Nov 2021 - BofA survey https://t.co/KPp3xz8aaX https://t.co/ZHpVJ8232t
BofA: Rate Cut Bets Make Investors 'Most Bullish' Since Nov 2021 - MS https://t.co/41g3bVwUjj
⚠️ RATE CUT BETS MAKE INVESTORS 'MOST BULLISH' SINCE NOV 2021 - BOFA SURVEY Full Story → https://t.co/KRAviNd93W Expectations over interest rate cuts rather than earnings optimism has made investors the "most bullish" since November 2021, Bank of America's monthly fund…
BOFA FMS SURVEY: CASH LEVELS ARE DOWN AT A 3-YEAR LOW OF 4.0% FROM 4.2% AND STOCK ALLOCATION HAS BEEN AT ITS HIGHEST SINCE JAN 2022.
BOFA MAY FUND MANAGER SURVEY IS THE MOST BULLISH SINCE NOV 2021 DRIVEN BY OPTIMISM ON RATE CUTS RATHER THAN EPS.
BOFA FMS SURVEY: 82% OF FMS INVESTORS EXPECT THE FIRST FED RATE CUT IN H2 AND 78% SAY A RECESSION IS UNLIKELY IN THE NEXT 12 MONTHS.
BofA Bond Survey: Appetite for longer-dated US bonds has shot up since the Federal Reserve signaled interest-rate hikes are unlikely, laying the groundwork for cuts later this year, according to a Bank of America client survey.