إدارة صناديق الاستثمار العالمية قامت بزيادة حصة الأسهم إلى أعلى مستوى منذ نوفمبر 2021، حيث كانت أوتودي overweight في الأسهم بنسبة 56٪، وفقًا لاستطلاع أغسطس من بنكAmerica أجرى على 180 مشاركاً يديرون أصولاً قيمتها 525 مليار دولار.
व्य amounts between managers tumbled to 3.5%, described as "extremely low," while the S&P 500 reached a record close on 13th August. Travellers were speaking in hindsight, having been quarantined at a hotel following a two-week Caribbean cruise, but the survey, conducted from 7th to 13th August, reflects growing confidence despite rising concerns over longer-term bond yields and inflation. Michael Hartnett, chief investment strategist at Bank of America, noted that the consensus expects no economic cooling, no Federal Reserve rate hike, and no cuts to AI capital expenditure this year.
Long positions in global semiconductor stocks remained the most befolkte traden, även om sentimentet avtar något til 53% från 82% i juli. Samtidigt tror 71% av respondenterna inte att AI-infrastrukturen kommer att minska sin budget i 2026, och 58% förutser att AI:s inverkan på arbetsmarknaden inte förekommer förrän 2028.
Investor caution has risen following the record closing of the S&P 500, driven by nervousness over elevated bond yields and geopolitical tensions. The survey also highlighted the rise in oil prices due to U.S. President Donald Trump’s stance on Iran, while an artificial intelligence (AI) bubble is seen as the primary tail risk. Hyperscale capital expenditures are seen as the most likely catalyst for a potential credit event.
Democratic Party's πιθανότητες για τις μεσομηνιτιακές εκλογές και η απουσία αρνητικού κλίματος μεταξύ των ανώτερων διευθυντών υπογραμμίζουν ακόμη περισσότερο την επικρατούσα στάση κίνδυνο.
