Investors remain bullish on equities and AI spending despite soaring Treasury yields and oil prices breaking above $100.
The U.S. 10-year government bond yield surpassed the 5% mark on Tuesday, and Brent crude oil prices remained above $100 per barrel. However, Bank of America's latest Global Fund Manager Survey indicates that most investors remain optimistic about growth and earnings prospects, expecting strong AI spending to continue. The survey found that 49% of fund managers were overweight global equities in September, with their earnings per share growth expectations for the next 12 months reaching a new high since August 2021. Additionally, 38% of respondents anticipate the global economy will "boom" in the coming year. BlackRock Investment Institute stated that despite rising yields, they maintain a pro-risk stance and continue to be overweight U.S. equities and AI-related assets.
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
24H Trending
-
1
Coinbase is down 14.04% from its previous close, now trading at $138.050.
-
2
Coinbase leads sell-off in crypto-related stocks after Binance's $6.3 billion hack, with Circle and Strategy shares plummeting.
-
3
NVIDIA is down 5.17% from its previous close, now trading at $202.620.
-
4
Gold prices fell to $3,883.36, hitting a near 365-day low.
-
5
Gold is down 3.45% from its previous close, now trading at $3,883.36.
-
6
An Analysis of Potential Issues in the Operation of China's Digital Yuan
-
7
Chainalysis: Binance Hackers Deployed Unprecedented Money Laundering Tactics, Rapidly Converting $6.3 Billion in Stolen Funds
-
8
SuperVerse (SUPER) Issuance and Circulation: Total Supply, Unlocking, and Deflationary Mechanisms Explained
-
9
What is ELTCOIN? Project Positioning and Market Status
-
10
AI investing sector had a rough week with key ETFs down 4-29% and major tech stocks falling up to 25%, as investors question profitability and analysts suggest taking profits.
Markets Today
Recommended Reading




