Michael Hartnett
International stocks are the best trade for the next five years, according to Bank of America investor survey
Investors are really pumped about the future of international stocks. Bank of America’s latest fund manager survey showed investors expect equities outside the United States will prove the best-performing asset class over the next five years. “Less than [one quarter] think U.S. assets will continue to dominate ranked returns, and just 5% anticipate bonds to […]
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The most widely followed investor survey showed a huge ‘crash’ in bullish sentiment for stocks
The most-widely followed investor survey on Wall Street is flashing a major warning sign. Bank of America’s Global Fund Manager Survey for this month saw its biggest pullback in overall investor sentiment since March 2020 — back when stocks cratered as the U.S. grappled with Covid-19. That’s resulted in what investment strategist Michael Hartnett deemed […]
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Investors are so confident in stocks, they have a record low allocation to the safety of cash
The Wall Street bull statue is pictured in Manhattan, New York. Carlo Allegri | Reuters A closely watched survey of global fund managers registered its lowest cash allocation on record this month, underscoring a bullishness on stocks as the equity market nears the end of a strong year. The average cash allocation level of participants […]
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