The world’s top institutional investors are at their most bullish on equities in two years as global growth expectations improve, driving further funds into the Mega Techs, such as Nvidia Corp (NASDAQ:NVDA) and Microsoft Corp (NASDAQ:MSFT).
For the first time since April 2022, investors are not predicting a recession, with two-thirds of global investors expecting a soft landing for the economy, according to Bank of America’s February global fund manager survey.
“Expectations for strong macro and no recession keep investors in the soft landing camp at 65%, with hard landing probability fading to just 11%,” said lead analyst Michael Hartnett, noting also that those managers now expecting “no landing,” or continued growth trajectory, rose to 19% in February, up from 7% in January.
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Long Mag7 Stocks
Investors have increased their allocation to U.S. stocks to the highest level since November 2021 and to the technology sector to the ...