Investors least bearish on stocks since pre-Fed rate hikes, BofA says

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In another sign of rising optimism, investor allocation to equities is now the least underweight since April 2022, BofA strategists led by Michael Hartnett said in a note. A broad measure of BofA’s fund manager sentiment is based on cash positions, equity allocation and economic growth expectations.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYExclusive articles by Kevin Carmichael, Victoria Wells, Jake Edmiston, Gabriel Friedman and others.

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Stock market today: Global shares sink after Fed notes dent hopes of rate hikes endingBEIJING (AP) — Global stocks followed Wall Street lower Thursday after notes from a U.S. Federal Reserve meeting dented hopes interest rate hikes are finished. London, Hong Kong, Paris and Seoul declined. Shanghai and Wall Street futures advanced. Oil prices rose. Wall Street's benchmark S&P 500 lost 0.8% on Wednesday after minutes from the Fed's latest meeting suggested board members are unsure what to do after raising their key lending rate to a two-decade high. Traders had hoped the board wou
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