According to the latest Bank of America Fund Manager Survey, global investor sentiment recorded its highest monthly increase in four years in October. The optimism gauge rose 5.6%, marking the most significant jump since June 2020. However, cash allocations did fall below 4%, signaling an oncoming sell-off in markets (^DJI, ^IXIC, ^GSPC).

Yahoo Finance Markets Reporter Josh Schafer dives into the details of this report, analyzing the key factors fueling this renewed investor confidence.

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This post was written by Angel Smith