BofA survey shows investors are bullish but not “dangerous”
According to strategists such as Michael Hartnett of Bank of America, the bullish sentiment in the Bank of America’s global fund managers survey in August was the strongest since February 2020, but the position was not “dangerously bullish.”. The strategists said that after the passage of the fourth phase of US fiscal stimulus, policy factors will trigger Market Volatility in September, but the “disorderly” decline in credit and stock markets requires disorderly higher interest rates.
