Bank of America's latest survey shows fund managers have reached their highest level of tech stock exposure since 2020, while sentiment toward consumer discretionary stocks remains at a 2008 low.
Bank of America forecasts gold will stay below $4,000 per ounce in the near term, citing shifting demand and central bank activity, while projecting a recovery to $5,000 by 2027.
Bank of America has upgraded Salesforce to Buy, raising its price target to $285 as the company shows progress in monetizing its Agentforce AI platform.
Bank of America strategist Michael Hartnett warns that the November 2026 midterms could trigger a 10% drop in US equities if Democrats sweep Congress and the Texas governor's race.
Bank of America raised its price target for Coinbase to $203, citing expected long-term revenue growth from stablecoins despite a decline in near-term trading volumes.
Bank of America analyst Matti Zhao argues that the US and China cannot secure AI dominance alone due to their deep reliance on global supply chains and international infrastructure.
Bank of America warns that markets are underestimating the rise of short-term interest rates, projecting two-year Treasury yields could surpass 5%.
Global fund managers continue to favor semiconductor stocks, though conviction in the trade has softened significantly since the summer peak.
Institutional investors now prioritize bond yield volatility over AI bubble concerns, according to the latest Bank of America Global Fund Manager Survey.
Bank of America has raised its 2030 semiconductor market forecast to $3,2 trillion, citing robust demand for AI infrastructure and memory chips.
Investors have pulled $14.2 billion from US equity funds over the last three weeks, marking the largest withdrawal since January as market sentiment shifts.
