Investors are maintaining their bullish stance on the US sharemarket, even with a weakening economy that is expected to lead to multiple interest rate cuts by the Federal Reserve this year. A recent Bank of America global fund manager survey revealed that over 25 per cent of investors are overweight equities, the highest in seven months, despite a record 58 per cent considering equities overvalued. Wall Street continues to reach all-time highs, despite growing indications of a slowing US economy, particularly in the labour market.

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