Growth expectations have plummeted as global fund managers pour out of U.S. equities and pile in to cash like Warren Buffett 

• Cement to the fund manager Excellent in accordance with S & P 500 performance

Integration with money managers has free easily In the first days of Trump 2.0. Bank of America Monthly Global Fund Manager survey Revealed feeling nosedived in March, resulting in the second worst flow of global global development and the Bofa began to conduct the survey in 1994.

Respondents signed their Sale Spree helped to fuel recently in stock correction While they parked their money on sidelyines-mirroring Warren Buffett’s record $ 334 billion Cash Tump.

America’s most respected investors, however, gives a famous piece of COUNSEL in one letter to Berkshire Hathaway Shareholders in 1968: “Fearing when others were selfish, and greedy if others were scared.” In fact, while the Bofa analysts led by Chief investment Michael Harternett repaired American stocks, they introduced the speed of correction.

However, there is no doubt that 171 survey respondents, in charge of nearly $ 425 billion assets combined, have been contained By President Donald Trump’s On-Ive-Again Threats to Tariff. In February, a net 2% of the investors were looking forward to a weak worldly economy over the next 12 months, which means that a little respondents is the weather. That number is from ballooned to 44% -The worst single-month flunge in progress from March 2020, or the start of the US covid-19

The Sentiment of the Fund Manager Serment, Bofa said, it is better to consistent with S & P 500 performance.

“The Pessimism of the Global Grow Call Outlook is not good news for stock,” the team letter when the survey, made in the second week of the month, released last week.

After winning Trump’s election in November, hoping that the new administration will precede tax cuts and deregulation to a large rally. Instead, Trump shows healed use of tariffs not only as a bargaining chip but as well as a tool To resolve America’s trade deficiency, resulting in widespread uncertainty about US trade policy.

In Bofa Survey, 55% of fund managers prompts ware-inspired trading is the largest cause of disapointing the federal and concerns about EFFECTS In the efficiency of the Government Department of Elon musk, also known as doge.

Over 70% of respondents, in the meantime, they said that they expect a form of fear “Ulis“or slowly grow and an uptick of inflation. The fund managers have not related a real recession.

Investors have reason to take a weakening

It is also important to note, that investor sentiment surveys may be better to explain why the stocks have just sold than the signal where the market is. In a month, the average cash manager’s position of the fund-surveyed on 60 basic points of 4.1%. Denoting the end of the contrarian’s contragrian “selling signal,” or a metric suggesting opportunity to buy investors, and vice versa.

That signal was originally triggered in December, if the cash allocation of respondents dropped under the 4% threshold of Bofa. Since then, the Nasdaq Composite and S & P 500 have two entrances in the corrective territory by dropping 10% or more before recovering a little.

It is obvious that managers decided to rotate outside the US stocks, with a net 23% of investors out of weight, compared to a net 17% overweight in the last month. 40-point drop is the largest in survey history, and 69% of respondents tell that the theme is “Fire in the US“-O -Oho -Oho Ancovican Emanuesiises Oudpace during the world – pleased. Suffering the soul about China’s economyIn the meantime, it has become a moral.

However, the Bofa survey indicates investors who investors are to track a so-called “soft stop, and the central bank to drive, and believe that the Central Band will be in the interests of this year.

Friday Friday, S & P ended a week of green for the first time a month. Investors received more good news on weekends, with REPORT suggests so-called rackcals announced in April, Trump directed to customs economic officials in the customs of a narrowly contrary. Market enjoys the news, with S & P 500 increase in 1.5% on Monday afternoon.

This story originally shown Fortune.com

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