Survey – Percentage of Investors Expecting Landing Scenarios In BofA’s August credit investor survey, 74% of investors anticipate a soft landing, reflecting a significant increase in optimism despite recent market volatility. Image: BofA Global Research
Survey – Credit Investors: What Are Your Biggest Concerns? The 2024 U.S. election outcome could significantly impact fiscal policy, debt, interest rates, inflation, and economic growth, which are key concerns for U.S. credit investors. Image: BofA Credit Investor Survey
FMS Investors – Net % Say They Are Overweight Equities FMS investors have a greater appetite for risk-taking and a strong inclination toward equity investments. Image: BofA Global Fund Manager Survey
FMS Investors – Net % Expecting Lower Long-Term Rates Only 38% of FMS investors expect bond yields to decrease, while the majority anticipate stable or potentially higher bond yields. Image: BofA Global Fund Manager Survey
FMS Investors – Net % Saying Recession Likely The outlook among FMS investors regarding the possibility of a global recession in the near future is characterized by a much greater sense of optimism. Image: BofA Global Fund Manager Survey
FMS Investors – Net % Saying Gold Overvalued According to FMS investors, gold is currently considered the most overvalued since August 2020, raising concerns about a potential market bubble. Image: BofA Global Fund Manager Survey
FMS Investors – Net % Overweight Equities – Net % Overweight Cash FMS investors still show a greater inclination to invest in the stock market and less interest in holding cash, indicating their ongoing preference for higher-risk assets over cash reserves. Image: BofA Global Fund Manager Survey
Discretionary Investors Equity Positioning and ISM Manufacturing The current discretionary equity positioning already reflects the idea of a “no landing” scenario. Image: Deutsche Bank Asset Allocation
AAII Investor Sentiment Bull Minus Bear Spread The AAII investor sentiment bull minus bear spread, which is in the 91th percentile, raises legitimate concerns that the market may be overheating. Image: Deutsche Bank Asset Allocation
FMS Investors – Net % Expecting Stronger Economy vs. MSCI ACWI The increased optimism among FMS investors on global growth can be seen as a positive sign, potentially indicating a more favorable outlook. Image: BofA Global Fund Manager Survey
Investor Psychology Cycle When investor psychology is overly negative, it may indicate undervalued market prices, presenting buying opportunities for investors who are able to take a contrarian approach and invest when others are fearful. Image: Real Investment Advice