[Investor Bullish Sentiment on U.S. Stocks Hits Nearly Five-Year High, According to Bank of America Survey] According to Bloomberg, a Bank of America (BofA) survey shows that a net 56% of fund managers are overweight on stocks, the highest level since November 2021, while investors' cash allocation ratio has dropped to 3.5%. The team led by Michael Hartnett revealed that investor allocations are currently leaning toward crowding, with bearish forces in the market decreasing.