U.S. home builder confidence falls for the first time in 2023
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BofA global fund manager survey least bearish since February 2022
August 15, 2023 1:24 PM EDTBofA analyst Michael Hartnett told investors in a note Tuesday that the firm's August Global Fund Manager Survey was the least bearish since February 2022.
Three out of four respondents expect a soft/no landing, according to BofA, while participants have the smallest equity underweight positioning since April 2022.... More
BofA sees room for small cap catch-up rally
August 15, 2023 10:48 AM EDTIn BofA's client inflows note Tuesday, analyst Jim Carey Hall revealed the firm's clients were net buyers of US equities for a second straight week.
"Clients bought both stocks and ETFs," said Hall. "Both institutional & hedge fund (HF) clients were buyers, led by the former, while retail... More
