BofA Poll Sees Few Bears Left as Investors Pile Into Stocks

Bank of America’s Michael Hartnett says bullish global investors have increased stock holdings to the highest level in almost five years, suggesting sentiment is firmly risk-on. The report implies limited positioning for pessimists, which can support near-term equity demand even if it also raises sensitivity to any negative catalysts.

Analysis

Bank of America’s Michael Hartnett says bullish global investors have increased stock holdings to the highest level in almost five years, suggesting sentiment is firmly risk-on. The report implies limited positioning for pessimists, which can support near-term equity demand even if it also raises sensitivity to any negative catalysts.