Holding large US technology stocks was again the hottest trade as investors returned to equities on the back of upbeat earnings performance and improving global economic sentiment, according to Bank of America's monthly fund managers survey, which included 169 participants with $413 billion under management in August.
The likelihood of a hard landing has fallen to its lowest level since January 2025, and equity allocations are rising, but not yet at extreme levels. A net 78% of respondents expect short-term rates to fall over the next 12 months. A trade war remains the biggest tail risk for 29% of respondents, and 27% believe inflation is holding back Fed rate cuts.
Bank of America: The probability of a hard landing has fallen to its lowest level since January this year, and stock allocations are rising
2025-08-11 07:22:59
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
美银：硬着陆的可能性降至今年1月以来最低水平，股票配置正在上升Next article：
美银：做多“七大科技巨头”再度成为全球最拥挤交易
