According to a Bank of America survey, fund managers' views on the economic outlook are the most pessimistic in 30 years, but this pessimism is not fully reflected in their asset allocation, which may mean that US stocks will face more sell-offs. In Bank of America's monthly survey, 82% of fund managers surveyed expect the global economy to weaken. Meanwhile, the survey showed that the number of fund managers planning to reduce their exposure to US stocks reached a record level.

According to a Bank of America survey, fund managers' views on the economic outlook are the most pessimistic in 30 years, but this pessimism is not fully reflected in their asset allocation, which may mean that US stocks will face more sell-offs. In Bank of America's monthly survey, 82% of fund managers surveyed expect the global economy to weaken. Meanwhile, the survey showed that the number of fund managers planning to reduce their exposure to US stocks reached a record level.