According to the Bank of America's latest survey of global fund managers, global investor sentiment has risen to its highest level since February this year. Fund managers are more optimistic about the global economic outlook, AI related spending, and the Federal Reserve's dovish policy. According to the survey, fund managers' cash allocation ratio fell to a “very low level” of 3.6% from 4.1% in June, triggering a reverse selling signal for Bank of America. Meanwhile, a record percentage of respondents expect the global economy to “no land.” The investigation was conducted from July 2 to July 9, after the US and Iran reached a temporary cease-fire agreement and before the conflict between the two sides escalated again.

According to the Bank of America's latest survey of global fund managers, global investor sentiment has risen to its highest level since February this year. Fund managers are more optimistic about the global economic outlook, AI related spending, and the Federal Reserve's dovish policy. According to the survey, fund managers' cash allocation ratio fell to a “very low level” of 3.6% from 4.1% in June, triggering a reverse selling signal for Bank of America. Meanwhile, a record percentage of respondents expect the global economy to “no land.” The investigation was conducted from July 2 to July 9, after the US and Iran reached a temporary cease-fire agreement and before the conflict between the two sides escalated again.