Global investors turn most bullish since February, BofA survey shows

Reuters

Tue, July 14, 2026 astatine 2:30 AM CDT 1 min read

MILAN, July 14 (Reuters) - Global capitalist sentiment has climbed to its strongest level since February, with money managers increasing much ‌optimistic connected the economical outlook, artificial intelligence-linked spending and the ‌prospect of a dovish Federal Reserve, Bank of America's latest Global Fund Manager Survey ​showed.

Cash allocations fell to an "uber-low" of 3.6% from 4.1% successful June, level that triggered BofA's contrarian merchantability signal, portion a grounds stock of respondents said they expect a "no landing" for the planetary economy.

The survey was ‌carried retired betwixt July ⁠2 and July 9, aft the interim woody to extremity the U.S.-Iran warfare and mostly earlier hostilities resumed.

Key ⁠findings from the July survey successful much detail:

• Investor sentiment roseate to its highest level since February, reflecting optimism astir economical growth, AI-related superior ​expenditure and ​expectations for easier monetary policy.

• A ​record 54% of respondents expect ‌a "no landing" script for the planetary economy, portion lone 2% expect a hard landing.

• U.S. equity allocations were raised to the highest overweight presumption since December 2024.

• Long planetary semiconductor stocks remained the market's astir crowded commercialized for a 3rd consecutive month, cited by 82% ‌of investors.

• While immoderate investors trimmed exertion ​positions successful July, nary reported being abbreviated ​the sector.

• 61% of ​respondents accidental hyperscalers are improbable to chopped superior expenditure ‌this year, versus 28% expecting reductions.

• ​AI bubble risks ​rose to the apical spot among largest process hazard facing markets, pointed to by 45% of respondents.

• 83% bash not expect ​the Fed to ‌raise involvement rates earlier the U.S. midterm elections successful November.

• ​Investors chopped their end-2026 lipid terms forecast to $71 a tube ​from $86 successful June.

(Reporting by Danilo Masoni)