By Anvee Bhutani
Global fund managers are piling back into stocks, with the most bullish positioning since February, Bank of America's latest monthly survey shows. Some key points:
-- Only 5% now expect a "hard landing" for the global economy.
-- But a record 91% say U.S. stocks are overvalued. Allocations to emerging markets hit a two-year high.
-- Some 45% of respondents said they thought buying the "Magnificent Seven" tech stocks was the most crowded trade.
-- However, more than half say artificial intelligence is already boosting productivity and see no bubble in AI stocks.
-- Trade-war risks are still investors' top concern, followed by stubborn inflation and disorderly bond moves.
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
(END) Dow Jones Newswires
August 11, 2025 08:55 ET (12:55 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。