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2025-09-16 23:38:10
Bank of America Strategists Say Global Stocks Could Rise Further as Growth Expectations Jump] Bank of America's Michael Hartnett said global stocks could rise further as the jump in economic growth expectations keeps bulls firmly in control. The bank's latest survey showed a net 28% of global fund managers overweight equities, the highest level in seven months. Hartnett said that views on economic growth have seen the most significant improvement in nearly a year, with only a net 16% of investors now expecting a weakening economy. The strategist wrote in a report that "bull positions abound" as the risk of a "recessionary trade war" has diminished. He added that stock market exposure has not yet reached extreme levels, favoring a continued rally. The MSCI World Index hit a record high as renewed enthusiasm for artificial intelligence fueled gains in tech giants and the impact of massive US tariffs has so far been less than expected. Investors are also betting that the Federal Reserve will begin cutting interest rates in a timely manner to avert a recession.
