BofA revealed that its US equity funds experienced net redemptions of $1.72 billion in a single week, the largest since March, amid concerns that AI stocks remain overvalued.

A BofA survey of global fund managers found that most investors view AI stocks as still being in an uptrend, driven by FOMO (Fear of Missing Out), despite emerging concerns about overvaluation.

A BofA survey indicates that global funds are increasing their equity holdings to a record high, driven by hopes of corporate profit growth and the possibility of a Fed interest rate cut, despite the ongoing economic war.

BofA warns that global stock markets face the risk of profit-taking in early June, particularly in the technology and AI sectors, amid markets continuously reaching new highs following a resurgence of US inflation.

BofA warns that the stock market may be overly optimistic after the risk premium fell to its lowest level in 20 years, reflecting increased confidence in the global economy.

BofA has revised its forecast for Taiwan's economic growth in 2569 upwards from 4.5% to 8%, driven by strong global demand for hardware technology and AI investment, continuing from 2568.

BofA indicates that global investors have the most positive outlook on the economy in four years, driving cash holdings in portfolios to a record low, while hedging in equity markets has contracted.

BofA reveals continued strong inflows into tech sectors, reaching $4.4 billion in a single week, pushing the total for the year to near a new record.

BofA says investors are confident the Fed will cut interest rates amid signs of economic recovery, with some anticipating a sharp 0.50% cut, while bond spreads hit a 30-year low.

JPMorgan, BofA, Citigroup, Wells Fargo and other major banks are in early talks about a joint stablecoin to bolster the dollar’s ​​role in crypto.