Bank of America notes continued bullish sentiment among investors. (fund manager survey)

 💰The managers surveyed manage $632,000,000,000+ in assets.

✔️Optimistic sentiment in the markets is caused by expectations of a Fed rate cut and a soft landing. 

✔️62% of respondents predict at least three Fed rate cuts over the next 12 months .

✔️Most fund managers are confident that the global economy will NOT grow over the next 12 months. (expectations are the most pessimistic since March 2022)

✔️62% of respondents are confident that global inflation will decrease within 12 months.