Investor Sentiment Has Rebounded to Pre-Liberation Day Levels, BofA Says
1. Investor sentiment rebounded, reaching a three-month high in June. 2. Allocation to U.S. stocks has slightly increased, but remains net underweight. 3. 54% of respondents favor international stocks over U.S. stocks for future performance. 4. Expectations of a global recession decreased, yet some foresee stagflation. 5. Return of cash to shareholders via buybacks is a growing trend among fund managers.