Reported about 11 hours ago
A survey by Bank of America indicates that global investor optimism has surged to its highest point since June 2020, driven by factors such as Federal Reserve rate cuts, stimulus pledges from China, and prospects for a soft landing for the U.S. economy. Cash allocations among investors fell to 3.9%, while equity allocations rose significantly, leading to the first contrarian 'sell signal' since last June. Investors anticipate that the upcoming U.S. election will most affect trade policy.
Source: YAHOO