Bank of America(US:BAC) 智通财经网·2026-01-20 11:56Group 1 - The sudden market pullback this week caught many investors off guard, with fund manager sentiment reaching its highest bullish point since July 2021, according to a survey by Bank of America [1] - The survey indicated that 38% of respondents expect global growth to strengthen, a significant increase from the previous month, while cash levels have dropped to historic lows and stock allocations have risen to their highest level since December 2024, with 48% of managers in an overweight position [1] - The sentiment indicator from the survey reached its highest point in over four years, pushing Bank of America's "bull-bear indicator" to an "extreme bullish" level, suggesting that investors need to significantly increase risk hedging and safe-haven assets [1] Group 2 - Despite the bullish sentiment, nearly half of the participants reported not taking any protective measures against a significant drop in stock prices, the highest level since 2018 [1] - Following the survey, investors faced a "shock" as trade war rhetoric resurfaced due to eight European countries opposing President Trump's request regarding Greenland, which weakened risk appetite and led to declines in European stock markets [3] - The survey revealed that for the first time since October 2024, investors view geopolitical conflict as the biggest risk to financial markets, with concerns over a potential AI bubble moving to second place [3]