Investors least bearish on stocks since early 2022: BofA

News Snapshot:

Three out of four of those who responded to the survey expect the US economy to slow without entering into a recession. In addition, 42 per cent of respondents said they don’t expect the global economy to enter a recession in the next 12 months, that’s the most positive they’ve been since June 2022. However, the survey concluded before the latest data from China which has cast a shadow over the outlook. More than 80 per cent of respondents expect global inflation to slow further in the next 12 months, driving the biggest conviction that rate cuts will follow in...