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

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Investors are the least pessimistic on stocks since February of last year, before the US Federal Reserve began hiking rates. Read more.

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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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