Wall Street optimism on stocks is at its highest level since early 2022, BofA survey shows

  • 📰 CNBC
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Sentiment among 226 market pros showed optimism at its highest level since January 2022.

Risk appetite among professional investors in March has hit its highest level in more than two years, according to Bank of America's closely watched fund manager survey. Sentiment among the 226 market pros who responded to the monthly gauge of finance's top investors showed optimism at its highest level since January 2022. The bank's measure of bullishness takes into account cash levels, allocations to stocks and the outlook on the economy. It showed a reading of 4.

Respondents also see small-caps topping large-cap stocks, value to outperform growth though the preference is still for high quality over low quality. Global growth expectations also are at their highest since January 2022 and "have been been front-run by higher stock prices," Hartnett said. The level of respondents expecting a global recession in the next year hit its lowest level since February 2022.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines