International markets at file highs; bitcoin hits $50,000 – enterprise dwell | Enterprise

Money ranges in funding portfolios have hit the bottom since simply earlier than the so-called taper tantrum of 2013, in line with Financial institution of America’s February fund supervisor survey, which additionally confirmed traders to be overwhelmingly bullish on the financial outlook.

World shares have been notching successive file highs in 2021, with central banks remaining supportive and governments injecting cash into the system to get economies on top of things after the harm brought on COVID-19.

“The one cause to be bearish is … there isn’t any cause to be bearish,” Michael Hartnett, BofA’s chief funding strategist, informed purchasers, who’ve the best fairness and commodity allocations in a decade.

A web 91% of them anticipate a stronger economic system, the perfect ever studying in BofA’s survey printed on Tuesday, which lined 225 fund managers with $645 billion in belongings underneath administration.

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