Bank of America survey: investor sentiment super-optimistic in December, driven by Trump's second term and other factors

Bank of America's December Global Fund Manager Survey found that investor sentiment was ‘super optimistic’ in December. Investors' allocations to cash were at an all-time low, while allocations to US equities were at an all-time high, the report said. Global risk appetite is at a three-year high, driven by optimism about economic growth associated with a second term for Donald Trump and interest rate cuts by the Federal Reserve, the report said.