Bank of America: 'Bull Market Collapse' Leads to Largest Stock Allocation Decline Ever

On March 18th, Jinshi data reported that a survey conducted by Bank of America Global Research on investors showed that concerns about stagflation, trade wars, and the end of American exceptionalism have fueled sentiment for the collapse of the Bull Market. In March, US stock allocations saw the largest decrease ever. The bank stated that global investors increased their cash allocation from 3.5% to 4.1%, ending the sell signal triggered in December, with the speed of the decline in sentiment consistent with the end of the stock correction. The survey showed that global economic expectations saw the second largest decline on record, but at the same time, allocations to Eurozone stocks reached a new high since July 2021, with bank stocks becoming the most favored category globally. The survey included 171 participants managing $426 billion in assets.