

Market Analysis
Investors continued their optimistic outlook in July, buoyed by the anticipation that U.S. interest rates will soon decrease, thus averting a severe economic downturn. According to Bank of America's global fund manager survey released on Tuesday, geopolitics is now viewed as the primary risk to this favorable scenario.
The survey, which included responses from 242 managers overseeing $632 billion in assets, indicated the most significant monthly decline in global growth expectations since March 2022, dropping to -27% from -6%.
Bank of America attributed this shift to the expectation that interest rates are poised to decline, with monetary policy perceived as the most restrictive since November 2008. This anticipated easing is expected to result in a 'soft landing' for the economy.
Paraphrasing text from "Reuters" all rights reserved by the original author.