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- Stock manager thinking Reads high rate with the performance of S & P 500.
Money managers have optimistic rapidly pale In the first days Trump 2.0. Bank of America Monthly Global Stock Manager questionnaire In March, Bobin began to investigate in 1994, resulting in global growth expectations and the biggest fall in the US capital allocation.
Respondents reported sales Spree recently helped fuel fuel correction Since they parked their money in Sidelines-Mirror Warren Buffett $ 334 billion Dial cash.
America’s most respected investor gave a popular piece recommend In a letter Berkshire Hathaway Shareholders in 1968: “Be afraid of fear when others are greedy and others fear.” Indeed, the BOOFA analysts led by the Main Investment Strategist said they were good for the market for the market, which is the speed and scale of amendment to American shares.
Nevertheless, the respondent of the respondent, which managed a combined, approximately $ 425 billion, is undoubtedly alarmist President Donald Trump re-launched, re Tariff threats. In February, 2% of a net investors are expected to be a weak global economy in the next 12 months, ie a small number of respondents is likely to be pessimistic. This number has been the worst monthly immersion in March 2020, in March 2020 or in the United States in the beginning of the Covid-19 pandemic growth expectations
The fund manager said that the S & P 500 was very relevant with performance.
“Pessimism on the global growth worldview is a bad news for shares,” the team, when the survey was released during the second week of the month.
In November, after the Trump’s election victory, the new leadership will be a priority of tax reduction and regulation. Instead, Trump, not just like a bargain chip, not only the use of tariffs a means of Solving the American trading deficit, as a result, the US trade policy results in mass uncertainty.
In the BOFA inquiry, 55% of the fund managers, the delicate recession of the commercial war was the largest “tail risk” that causes inflation to increase the increase in Covid Resurgence in April 2020 influence Elon Musk is also known as the Doge of the Department of Government Efficiency.
More than 70% of respondents said they expect a frightening form at this time “dilution“or slowing up growth and upward in inflation.
Investors cause cheering
It is important to note, which can better explain why investor feelings are sold more than the signal of the market since the market. The secondary cash position of the surveyed fund managers in a month is up to 60% to 4.1%. It notes the end of a metric or vice versa to get the “sell signal” or when other investors sell Bofan’s control.
This signal occurred in December when the money allocation of the respondents first fell below Bofan’s 4% limit. Since then, Half Composite and S & P 500 and both fall into the correction area by falling by 10% or more before recovering a bit.
It is clear that managers decided to return to 23% of investors, 23% of investors with 17% of investors, which are overweight of US shares, last month. 40-point drop is the largest side in the survey and 69% of respondents said “Exceptional problem in the United States“American capital over the rest of the world. Expectations about this Chinese economyMeanwhile has become norm.
Still, Bofan’s survey will still expect investors to be on the road to achieve the so-called “soft landing” or low inflation and hit the Central Bank two to three percent this year.
On Friday, S & P ended a green week for the first time in a month. Investors have received better news over the weekend report The so-called reciprocal tariffs offer to be announced on April 7, Trump economic officials will mainly order a special design for each US trading partner and will be relatively narrow. Sunday, S & P welcomed the news that increased by 1.5% on Monday afternoon.
This story was first displayed Fortune.com
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