Fund managers remain mostly bearish despite rising bets on a soft landing for the economy, BofA’s survey shows
July 18, 2023 at 14:22 PM EDT
Investor sentiment globally remained generally bearish in early July despite increasing bets that the world economy may achieve a “soft” economic landing and avoid a recession, while the rush to megacap technology stocks drove the stock market higher, according to the Bank of America (BofA) Global Fund Manager Survey.