A Bank of America survey shows that the bullish sentiment for U.S. stocks has reached a new high for 2024

According to Jinshi, the global fund manager survey by Bank of America shows that fund managers' bullish sentiment towards the US stock market has reached its highest level since December 2024. A net 24% of respondents believe that US stocks will outperform other regions, marking the third highest allocation weight for US stocks in the past five years.

In contrast, investors have reduced their allocation to UK stocks, with confidence dropping to its lowest point since August 2020.