Reported 3 months ago
Investors are growing more confident in a 'soft landing' for the global economy, as evidenced by Bank of America's July Global Fund Manager Survey where 68% of respondents believe this is the most likely outcome in the next 12 months. The shift in sentiment aligns with a growing optimism surrounding the US economy and expectations of Federal Reserve interest rate cuts without significant economic deterioration, leading to market optimism and changes in sector preferences.
Source: YAHOO