TechFlow news, April 15 — According to Jinshi Data, Bank of America Global Research said Tuesday that global investors have cut their holdings in U.S. equities by a record margin over the past two months, citing trade wars that could trigger a global economic recession as the biggest risk facing markets. In Bank of America's monthly survey of fund managers, a net 36% of respondents reduced their allocation to U.S. stocks—the highest level in nearly two years. Over just two months, allocations to U.S. equities dropped by 53 percentage points, marking the largest two-month decline on record. This trend appears set to continue, as a record number of respondents also indicated plans to further reduce their exposure to U.S. equities. Trump's aggressive tariff plans have triggered a sell-off in U.S. assets, including stocks, the dollar, and U.S. Treasuries. Although stocks rebounded on Monday, the S&P 500 is still down about 8% year-to-date. The survey included 164 investors managing $386 billion in assets.
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