Investing.com - Allocations by fund managers to global equities are more than 25% higher this month than in February 2016.
Fund managers became bullish again in December and 59% expect a stronger economy in the next year.
Global equity allocations are back above neutral for the first time since late 2015, with US stocks most overweighted.
Global equity allocations jumped to +39% overweight this month, a 13-month high.
Another push higher and excessive bullish sentiment will become a headwind.