"Bearish Positioning No Longer A Tailwind": FMS Finds Wall Street Least Bearish Since Feb 2022

So much for the gloom and doom that permeated and defined markets for the past year, and which pushed stocks to the highest level in 18 months as most hedge funds were steamrolled courtesy of their stubborn short positions which were squeezed ever higher amid some of the most explosive squeezes since early 2021.

According to the latest BofA Fund Manager Survey which polled the usual 247 suspects with an AUM of $635 billion, Wall Street is the least bearish FMS since Feb 2022: