Bank of America survey: Investor sentiment was extremely optimistic in December due to factors such as Trump's second term

Bank of America's global fund manager survey in December found that investor sentiment was "super optimistic" in December. The report stated that investors' allocation to cash is at its lowest historical level, while their allocation to US stocks is at its highest historical level. The report also stated that driven by optimistic economic growth related to Trump's second term and Fed interest rate cuts, global risk appetite is at its highest point in three years.