Fund managers take Warren Buffet Path even when retailers pump approximately $ 70 billion in US stocks

The confidence of the managers of global funds achieved success amid the threats of customs tariffs and economic certainty, while retail investors have benefited from “purchase”.

What happened: In March, the Survey of the Director of the Bank of America in March indicated a significant decrease in growth and allocating American stocks, which represents the second largest decline since the beginning of the survey in 1994. Donald Trump They were afraid of the respondents for the survey, who combined about $ 425 billion of assets, such as per Wealth Report. This led to the sale of the sale, which contributed to correcting the last stock market.

According to the survey, 55 % of the domain box managers result from the war are the most important “tail risk” of the market. More than 70 % of the respondents expect a form of “stagnation”, which is a mixture of slow growth and high inflation. However, none of the managers of the polls currently have a full recession.

In February, only 2 % of investors expected a weaker global economy over the next year. However, this figure has now increased to 44 %, which represents the worst decrease in growth expectations since the Covid-19 pave began in March 2020.

The average cash center of the fund managers, which were included in the survey, increased by 60 basis points to 4.1 % in one month, after the footsteps of the legendary investor Warren BuffettWhich has a huge cashme of $ 334 billion.

In a sharp contradiction, the Vandatrack report indicated that despite the disturbance of the market, individual investors have invested $ 67 billion in American stocks this year, I mentioned Financial times. Goldman Sachs Data reveals that retail investors were two net sellers in the United States on only seven occasions this year, although the S&P 500 decreased within 25 days.

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Why do it matter: Earlier in March, investors have turned money into American stocks at the third highest pace in history. Bank of America strategy Michael Hartnett He had placed it as “correction, not the bear market”, after four weeks of market turmoil.

While the results of the Bofa Monthly Survey indicate a shift in feelings, with fund managers showing low confidence due to the unexpected tariff threats and fear of the stagnation caused by war, retailers are still optimistic about Wall Street shares despite the concerns of President Trump’s policies.

Jim Polsen“Investors are still more concerned about losing the opportunity to buy a decline” more than the market decline. “At the same time, Steve Sosnik, the market’s chief strategy for interactive brokers, said,” The purchase of decline has been a mainly guaranteed strategy for four years of past five years, “FT told FT.

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