Bank of America survey: Fund managers are the most pessimistic about the economic outlook in 30 years, and US stocks may face more sell-offs

A survey by Bank of America shows that fund managers' outlook on the economic prospects is the most pessimistic in 30 years, with 82% of respondents expecting a slowdown in the global economy. Nevertheless, the asset allocation of fund managers does not fully reflect this pessimism, which may lead to more sell-offs in the U.S. stock market. The survey indicates that the number of fund managers planning to reduce their exposure to U.S. stocks has reached a record high, with net positions shifting from a 17% increase to a 36% decrease. Strategists warn that without significant policy easing, the U.S. stock market will struggle to rebound