Woofun AI data shows that Bank of America's fund manager survey reveals investors should reduce aggressive stock buying as positioning turns extremely bullish. Cash holdings fell to 3.6%, while US stock net overweight reached 24%, the highest since December 2024.

Michael Hartnett’s team noted the "Bull & Bear Indicator" hit 9.4 out of 10, suggesting reduced exposure to high-beta assets. The report states that overly optimistic positioning limits further upside for risk assets during the summer.