Bank of America survey shows that U.S. stocks are bullish at a new high in 2024

Bank of America's global fund managers survey shows that fund managers 'bullish outlook on the U.S. stock market has reached its highest level since December 2024. A net 24% of respondents believe U.S. stocks will outperform other regions, which is the third-highest allocation weight for U.S. stocks in the past five years. In contrast, investors have cut their allocation to UK stocks, and confidence has dropped to its lowest point since August 2020.