Reported about 3 hours ago
A recent Bank of America survey reveals that fund managers are the most optimistic since February, with equity allocations at seven-month highs as U.S. stocks reach record levels. However, concerns about stagflation persist, with 58% of managers believing stocks are overvalued and 77% anticipating stagnant growth alongside rising unemployment and inflation. While expectations for Fed easing contribute to this optimism, the market remains vulnerable to economic shifts.
Source: YAHOO