Investor skepticism turns to optimism as U S stock rally rolls on streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
The 15% year-to-date rally in the S&P 500 is pulling once doubtful investors back into the market. The National Association of Active Investment Managers' exposure index last week hit its highest level since late 2021, while cash levels among global fund managers surveyed this month by Bank of America fell to their lowest point since January 2022. Positioning among discretionary investors, a cohort that includes fund managers to individual investors, moved above neutral earlier this month for the first time since February, Deutsche Bank data showed.