Bullish investors pile into stocks as cash levels sink to record low
Fund managers most optimistic since 2021 despite worries over tech valuations, Bank of America survey shows
Fund managers most optimistic since 2021 despite worries over tech valuations, Bank of America survey shows

Some investors reduce positions or buy protection for their portfolios amid concerns over valuations

Cautious comments from top bank executives add to jittery sentiment on Wall Street

Doubts over December interest rate cut from Federal Reserve exacerbate jitters about high valuations

Investors fret over growing strains in private credit and risks of AI disrupting the software industry

Countries and companies will need to compete for funds to meet their spending plans

But it relies on a host of rosy assumptions going in investors’ favour