The Zhitong Finance App learned that the latest fund manager survey report released by Wall Street financial giant Bank of America (BofA) shows that global investors who are aggressively buying stocks should actively consider reducing their exposure to risk asset allocation. The core judgment of the Bank of America strategist team is not that the fundamentals of global technology stocks or the AI computing power industry are about to fall into a downward trajectory, but rather that investors' extreme optimism, bullish stock positions and strong profit expectations, and continued valuation expansion have seriously overdrawn fundamental growth prospects for the next 1-2 years or so, causing the marginal risk-return of risk assets to deteriorate significantly. This is reflected in the fact that fund managers' share of cash plummeted from 4.1% to a very low level of 3.6%, and the Bull and Bear Index reached a pessimistic score of 9.4 out of 10.

The Zhitong Finance App learned that the latest fund manager survey report released by Wall Street financial giant Bank of America (BofA) shows that global investors who are aggressively buying stocks should actively consider reducing their exposure to risk asset allocation. The core judgment of the Bank of America strategist team is not that the fundamentals of global technology stocks or the AI computing power industry are about to fall into a downward trajectory, but rather that investors' extreme optimism, bullish stock positions and strong profit expectations, and continued valuation expansion have seriously overdrawn fundamental growth prospects for the next 1-2 years or so, causing the marginal risk-return of risk assets to deteriorate significantly. This is reflected in the fact that fund managers' share of cash plummeted from 4.1% to a very low level of 3.6%, and that the Bull and Bear Index reached a pessimistic score of 9.4 out of 10.