Net % Investors Say They Are Overweight Bonds FMS investors currently have their largest overweight position in bonds since the global financial crisis, indicating their strong confidence in lower inflation and yields for the year 2024. Image: BofA Global Fund Manager Survey
FMS Investors Overweight Equities In the current market environment, FMS investors have a more positive outlook on equities. Image: BofA Global Fund Manager Survey
Investor Sentiment – S&P 500 and NAAIM Index Below 40 The NAAIM index dropping below 40 is often interpreted as active investment managers selling equities at market bottoms, signaling a potential short-term market bottom. Image: Real Investment Advice
FMS Investors – Net % Expecting Higher Global CPI vs. Net % Expecting Higher Short-Term Rates There are still big expectations for inflation to fall. Image: BofA Global Fund Manager Survey
FMS Investors and Profit Expectations FMS global profit expectations are now more optimistic than they have been since February 2022. Image: BofA Global Fund Manager Survey
Investor Sentiment – Fear & Frenzy Index Investor sentiment remains overly optimistic. Is it time to be cautious? Image: True Insights
FMS Investors – Net % Overweight Real Estate FMS investors continue to have a pessimistic outlook on the real estate market. Image: BofA Global Fund Manager Survey
Sentiment Indicator – Investor Equity Positions Retail investors have reduced positions and institutional investors are currently favoring cash. Image: Goldman Sachs Global Investment Research
Discretionary Investor Equity Positioning vs. S&P Global Composite PMI Discretionary investor equity positioning is not reacting to changes in the global composite PMI. Image: Deutsche Bank Asset Allocation
FMS Investors – Net % Think High Grade Will Outpferform High Yield Bonds Will high yield bonds outperform IG bonds over the next 12 months? Image: BofA Global Fund Manager Survey
Net % of FMS Investors Overweight U.S. Equities vs. Bonds FMS relative positioning in stocks vs. bonds remains low. Image: BofA Global Fund Manager Survey