BofA's latest global fund manager survey shows sentiment at its strongest since February. Managers are more optimistic on global growth, AI-related spending and expect the Federal Reserve to adopt dovish policy. Cash allocations fell to 3.6% from 4.1% in June — an "extremely low" level that triggered BofA's contrarian sell signal. A record share of respondents expect a "no-landing" global economy. Survey period: July 2-9, between a temporary US–Iran ceasefire and a subsequent escalation of hosti

BofA's latest global fund manager survey shows sentiment at its strongest since February. Managers are more optimistic on global growth, AI-related spending and expect the Federal Reserve to adopt dovish policy. Cash allocations fell to 3.6% from 4.1% in June — an "extremely low" level that triggered BofA's contrarian sell signal. A record share of respondents expect a "no-landing" global economy. Survey period: July 2-9, between a temporary US–Iran ceasefire and a subsequent escalation of hostilities.