News Formal

Fund managers are no longer bearish about stocks

  • 📰 IrishTimesBiz
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 77%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Risk appetite has increased but remains low despite strong gains of recent months

The percentage of fund managers underweighting stocks is the lowest in 16 months, while technology stock allocations have hit their highest level since December 2021.Bull markets climb a wall of worry, so bearish positioning has been a “strong tailwind” for stocks in 2023, but that’s no longer the case. So says Bank of America’s latest monthly fund manager survey, with bearishness falling to its lowest level since February 2022. Three out of four expect a soft or no economic landing.

Earnings optimism is the highest in 18 months. The percentage of fund managers underweighting stocks is the lowest in 16 months, while technology stock allocations have hit their highest level since December 2021. Cash allocations have fallen sharply, from 5.3 to 4.8 per cent. That’s a 21-month low, and means BofA’s cash rule is no longer in buy signal territory .

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 6. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Government must fund State agencies to help meet green energy planning, says industry groupState climate plans aim to generate 80% of electricity used here from renewable sources by the end of the decade
Källa: IrishTimes - 🏆 3. / 98 Läs mer »