Bank of America: Fund Managers Turn Bullish on China’s Economy and Stocks, but Global Equities Flash Sell Signal

A global survey conducted by Bank of America in October showed that following China’s stimulus package, the net percentage of global fund managers expecting China’s economy to strengthen over the next 12 months rose to 48%, the highest since April 2023.

However, it’s worth noting that global equities just triggered a sell signal from Bank of America, the first time since February 2021. Investors are showing optimism, expecting the global economic fundamentals to remain solid.