BofA Poll Shows Rate Cut Expectations Fueling Rush Into Stocks
- Sentiment most upbeat since early last year on Goldilocks bets
- Central bank policy driving assets, not positioning: BofA
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Investors are the most optimistic since the beginning of 2022 as expectations of policy easing by the Federal Reserve are fueling a rush into stocks, according to a Bank of America Corp. survey.
The sentiment of global fund managers surveyed in December was the most upbeat since January 2022 on a Goldilocks environment — a steady economy that is not running too hot or too cold — as the case for next year, a team of strategists led by Michael Hartnett wrote in Tuesday note.