Investor Sentiment Falls to Lowest Since June, BofA Survey Finds
Dow Jones
5 hours ago
1011 GMT - Investor sentiment pulled back to its least bullish level since June, according to Bank of America's global fund manager survey for October. Bank of America's sentiment gauge, measured by looking at investor allocations to cash and equities, as well as growth expectations, fell to 6.4 in October--down from 7.0 in September. Sentiment had been uber-bullish, the report says, as AI optimism spurred markets higher. Surveyed fund managers allocated 3.9% of their portfolios to cash in October, in line with September levels but above the 3.5% allocation seen in August.
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