Bank of America Survey: Investors are optimistic about tech stocks, and the risk of a hard landing has dropped to its lowest this year.

[Golden Finance] According to financial media reports, a monthly fund manager survey by Bank of America indicates that, benefiting from optimistic earnings performance and improved global economic sentiment, investors are re-entering the stock market, with holding large U.S. tech stocks becoming the hottest trade again. The August survey included 169 participants, managing assets totaling $413 billion.

The likelihood of a hard landing has dropped to its lowest level since January 2025, stock allocation is rising but has not yet reached extreme levels. A net 78% of respondents expect short-term interest rates to decline over the next 12 months. 29% of respondents believe that the trade war remains the biggest tail risk, while 27% believe that inflation is hindering the Federal Reserve's interest rate cuts.