Commodity price weakness is an opportunity to gain exposure to ongoing bull super-cycle, says Wells Fargo

News Snapshot:

Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow The monthly BofA survey of global fund managers found a lot of bullishness, “Most bullish FMS [fund manager survey] in 2 years, cash levels cut to 4.2% from 4.8% as global growth expectations hit 2-year highs and investors go all-in on US tech … For first time since Apr’22, investors not predicting recession … asked for path of economy this year, 2/3 of investors say ‘soft landing,’ 1/5 say ‘no landing,’ 1/10 say ‘hard landing’ … Lower interest rates the catalyst for optimism: just 4%...