INVESTORS ARE ‘SUPER-BULLISH’, BOFA SURVEY FINDS
Investors’ sentiment is “super-bullish” in December, Bank of America’s December global fund manager survey finds. Investors’ allocation to cash is at a record low level, while allocation to U.S. stocks is at a record high, it says. Global risk appetite is at a three-year high, driven by growth optimism related to U.S. President-elect Donald Trump’s second term and a rate-cutting Federal Reserve, it says