Bank of America’s latest survey reveals that investors have drastically reduced their holdings of US equities, marking a record low. Fund managers now report being about 23% underweight in US stocks, a significant drop of 40 percentage points from the previous survey. This shift reflects the swift decline of optimism towards American markets, as the S&P 500 fell 8% from its all-time high in February.
Source: https://www.bloomberg.com/news/articles/2025-03-18/bofa-survey-shows-biggest-ever-drop-in-exposure-to-us-equities