Markets enjoy 'wave of optimism' as investors suffer FOMO

Latest BofAML survey

James Baxter-Derrington
clock • 2 min read

A new survey by Bank of America Merrill Lynch (BofAML) has found an increased bullish sentiment as investors add exposure to equities and cyclicals.

The survey, which featured 230 panellists with $700bn AUM between them, found that "recession concerns [have] vanished" while exposure to global equities has reached its "highest level in one year". Net 6% of those polled expected the global economy to strengthen over the next year, which is up 43 percentage points from last month, the "biggest month-on-month jump on record". Is a global recession inevitable? Expectations surrounding inflation have surged 29 percentage points with net 31% of those polled expecting "higher global CPI" over the next year. Over half of those survey...

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