Bank of America says fund managers have suffered a ‘bull crash.' What that means for stocks.
Portfolio Pulse from
Bank of America's latest fund manager survey indicates a significant pessimistic turn in market expectations. The survey shows the second-largest decline in global growth expectations ever recorded, the most substantial reduction in U.S. equity allocation, and the largest move into cash positions since March 2020. This suggests fund managers are becoming increasingly cautious about market conditions.
March 18, 2025 | 11:30 am
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The SPY ETF could experience short-term selling pressure as fund managers dramatically reduce their U.S. equity allocations and move into cash.
The significant reduction in U.S. equity allocation suggests fund managers expect market challenges, which could lead to selling pressure on broad market ETFs like SPY.
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