Imagine this: Over 90% of fund share managers, a new record, apparently believe that the US stock market is more overvalued than a chocolate factory in a town full of sugar addicts, according to a Bank of America (BofA) survey. 🍫💰
As per a new Bloomberg report, 91% of polled fund managers think US stocks are overvalued, the highest rate since 2001, when people still thought Y2K was going to be the end of the world. 🌍💥
BofA’s poll also discovered that investor allocation in foreign markets has climbed to its highest weight since February, signaling a potential shift in sentiment about US markets. It’s like everyone is suddenly thinking, “Maybe we should look elsewhere for our next big investment adventure.” 🗺️🚀
BofA strategist Michael Hartnett warns that the recent stock market rally might be at risk of turning into a bubble, especially given that the bank’s survey showed that cash levels as a percentage of total assets were at 3.9% – a level that has historically signaled an incoming sell-off. It’s like the market is a giant balloon that’s about to pop, and everyone’s holding their breath. 🎈🚫
On the other hand, a net 49% of respondents believe that emerging market (EM) stocks are undervalued, the most since February of 2024. Among the most “crowded trades,” the most popular answers were long the Magnificent 7 stocks, short the dollar, and long gold. It’s like investors are playing a game of financial musical chairs, hoping they don’t get left standing when the music stops. 🎶🪑
Respondents said that the biggest tail risks for markets include a trade war-induced recession, runaway inflation preventing Fed rate cuts, a “disorderly rise” in bond yields, an artificial intelligence (AI) equity bubble, and dollar debasement. It’s a veritable smorgasbord of potential disasters, isn’t it? 🤯💥
Read More
- Gold Rate Forecast
- Wrestler Marcus “Buff” Bagwell Undergoes Leg Amputation
- ENA PREDICTION. ENA cryptocurrency
- PS5’s ChinaJoy Booth Needs to Be Seen to Be Believed
- Microsoft is on track to become the second $4 trillion company by market cap, following NVIDIA — and mass layoffs
- AI-powered malware eludes Microsoft Defender’s security checks 8% of the time — with just 3 months of training and “reinforcement learning” for around $1,600
- xAI’s $300/month Grok 4, billed as a “maximally truth-seeking AI” — seemingly solicits Elon Musk’s opinion on controversial topics
- Anime’s Greatest Summer 2024 Shonen Hit Drops New Look Ahead of Season 2
- Lewis Capaldi Details “Mental Episode” That Led to Him “Convulsing”
- Minecraft lets you get the Lava Chicken song in-game — but it’s absurdly rare
2025-08-11 22:22