Michael Hartnett points out that investors are still rushing to reduce risk after the dollar surged 3% from its September low. He recommends gradually accumulating bonds and warns of selling pressure on bank stocks spreading to mid-cap and small-cap stocks.

BofA reports increased inflows into hedge funds following their best first-half performance since 2553, yielding a 5.5% return up to July. Stock-selective and multi-manager funds are performing particularly well.

BofA indicates that investors are becoming more cautious about risk after the largest outflow of funds from US equity funds since January, amid rising bond yields and interest rate uncertainty.

BofA points to Watch's speech at Jackson Hole as a crucial test; if inflation can be balanced with long-term borrowing costs, it could boost stocks and the dollar.

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.