According to a survey conducted by Bank of America strategists, global investors are still optimistic about macro and market prospects, and cash positions remain low. The survey was conducted from October 2 to October 8. A total of 161 respondents were interviewed, and the total assets under management amounted to US$453 billion. The team led by Michael Hartnett said that net 47% of respondents expect economic growth and inflation to be above trend levels, the highest since February 2022. However, the bank's composite sentiment index based on its combined cash level, stock allocation, and global growth expectations fell from 7.0 to 6.4. Hartnett wrote, “Growth expectations are cooling down, and the performance of US stocks is also slowing down.”

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