Investors most bullish on stocks since start of pandemic, BofA says - Business Insider

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Investors are most bullish on stocks since the start of the pandemic, according to BofA fund manager survey

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Investors are most bullish on stocks since the February start of the pandemic-induced market sell-off, according to a Bank of America fund manager survey released on Tuesday.

According to the survey, the most crowded trades among portfolio managers include long US tech stocks and long gold.Visit Business Insider's homepage for more storiesProbably the biggest driver in investor sentiment is price, as evidenced by the most recent fund manager survey from Bank of America.found that investors are now most bullish on stocks since the start of the COVID-19 induced market sell-off that started in late February.

But despite the marked rise in bullishness among investors, BofA says we are still "far from dangerously bullish" sentiment levels.Warren Buffett bet on a gold miner and slashed his bank stakes because he's picking winners, a veteran Berkshire Hathaway shareholder says On to global growth expectations, 79% of the survey respondents said they believe global growth over the next 12 months will be positive, representing the highest reading since December 2009, according to BofA.

 

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Bull market thrives under bearish sentiment- extreme 'exuberance' is typically a warning of an approaching Bear market.

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