New Delhi, Feb. 19 -- Investors have bought up a ton of stock in the face of considerable risks. This is a common occurrence, but it does create the potential for a market decline.

Investors are highly optimistic right now. "The February 2026 BofA Global Fund Manager Survey suggests global investor sentiment is the most bullish since June 2021," Bank of America strategists wrote in a research note Tuesday.

According to the survey, asset allocators-people deploying money into funds of various assets for families and institutions-have tilted their customers' portfolios relatively heavily toward stocks. The net percentage of allocators that say their clients' holdings are now overweight equities is the highest since late 2024.

At the same...