#records 🧸 Bank of America notes record investor pessimism since 2006 due to the trade war and weakening of the US dollar.
__Surveyed managers oversee assets totaling $522,000,000,000+.__▫️ 82% of respondents predict a slowdown in global economic growth - the highest in 17 years.
▫️ 61% of managers expect further weakening of the dollar - the worst since 2006.
▫️ The trade war caused the S&P 500 index to drop by $5,000,000,000,000 in 3 days in April 2025 - 80% expect tariffs to potentially cause a recession.
▫️ 25% of investors expect a recession in the US in the next 12 months.
▫️ 61% of managers predict a soft landing for the economy.
▫️ Massive exodus from US stocks: 53% of fund managers reduced investments - a record since 2006.
▫️ Money is flowing into gold (+28%), bonds, and healthcare.
▫️ Cash holdings: 4.5% (a yearly minimum), but above the average level of 2006-2024.
▫️ Key risks: trade war (= recession), inflation, geopolitics.
__P. S. The survey was conducted before trade negotiations between delegates from the US and China.__