FUND MANAGERS SEE STOCKS AS OVERVALUED BUT STAY BULLISH
A record 58% of fund managers say global equities are overvalued, yet 28% are overweight stocks—double August’s share and a seven-month high, per Bank of America’s September survey. Despite high valuations—the S&P 500 trades at 22.2× forward earnings vs. the 30-year average of 17×—managers are confident in their stock picks and continue moderate risk-taking. The bullish sentiment reflects optimism on trade, rate cuts, and ongoing market gains, with the S&P 500 up 12% in 2025.The copyright of this article belongs to the original author/organization.
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