Global investors hit 'hyper-bull' as hedging collapses, says BofA survey

Reuters

Tue, January 20, 2026 astatine 1:35 AM CST 1 min read

MILAN, Jan 20 (Reuters) - Global money managers are the astir bullish since July 2021, ​January's Bank of America survey showed ‌on Tuesday, with maturation optimism jumping and currency levels sinking ‌to a grounds debased 3.2%.

BofA's Bull & Bear Indicator surged to a "hyper‑bull" 9.4, arsenic investors held the slightest equity-correction extortion since January 2018, according to ⁠the survey of ‌96 participants with $575 cardinal successful assets nether management.

A nett 38% expect a ‍stronger economy, portion recession fears fell to a two-year debased and an economical "no-landing" became the basal lawsuit ​for investors, the BoFA study said.

Liquidity was ‌seen arsenic the champion since 2021, and astir fractional of respondents reported having nary hedges against a crisp autumn successful equity prices.

Geopolitics overtook an AI bubble arsenic the apical process risk, ⁠and agelong golden was the ​most crowded trade. A agelong ​position is fundamentally a stake that an plus volition emergence successful value.

The survey ‍was carried ⁠out betwixt Jan 8 and Jan 15, earlier U.S. President Donald Trump threatened expanding ⁠tariffs connected European allies until the United States is ‌allowed to bargain Greenland.

(Reporting by Danilo Masoni; ‌editing by Dhara Ranasinghe)