The latest Bank of America Financial Managers shows the US variable recording cycle, which is directed by the German financial induction.
Investors are making a sharp turn From the US to Europe, the betting in the US exception has touched the roof, while positioning themselves In favor of a European elastic uprisingOften promoted by Germany’s line trigger Increase in security costs.
Recent managers survey Bank of America funds, conducted by researchers Andreas Prakner and Sebastian Radler, have revealed the most important cycle of American variable income since the launch of records in 1999.
39% of financial managers net now a The position of the position of the OC12% of last month and -2021 compared to the highest level from mid -middle.
At the same time, 23% of investors suggests that net is low For US variable income, compared to 17% net rankings in February. This refers to a change of 40 percent of the US variable income in a month, which has been registered to date.
Why are the investors of the American variable income away?
For many years, Wall Street dominated the stock market World Cups are directed by strong economic growth and technical innovations. However, this domination is questioned 69% of financial managers believe The “US exception” era has come to an end.
Change occurs to a large extent Growing concern for American economic perspectives. Amazing 83% of investors expect that the growth of the United States is slowing, compared to 28% last month, The greatest decline of hope over the years.
Although the fears of the deep recession are low, 64% of the financial managers still offer a soft landing, and many are increasingly preparing for economic stagnation or especially a little stained Trump administration follows higher fees And threatens the World Trade War.
European expenses in German stimulation and safety motivation
European economyIs often criticized for its slow growth and bureaucratic obstacles, It looks like a wonderful point now. Compared to 9% two months ago, 60% of investors expect more European growth next year. This strong improvement is run by the recently announced financial stimulant measures that Germany has announced and an increase in European spending in protection.
GermanyThe largest economy of the continent is, He has promised to increase financial costs Re -enable growth. On the contrary, global growth expectations have worsened. 44% of financial managers now offer recession In the global economy, this was a 2% significant increase in last month.
What sectors benefit?
When capital turns Europe to EuropeInvestors increase exposure to financial and industrial values. Banks and insurers are very high sectors, and entrepreneurs record important level profits, and is probably operated To expectations of high security cost.
Small capitalization values attract the renewed interest, with small capitalization values with 37% of investors who expect to violate large capital, The highest hope of this section for more than three years.
50% of respondents net Prefer rotation values for self -defenseCompared to 28% of last month, economic acceleration in Europe reflects expectations.
RetailMedia and cars They are still very low fieldsThe European values of the technology, the media and retail trade are considered exaggerated. On the contrary, car sectors, energy and basic resources are considered to be underestimated.
Germany is a preferred variable rental market
In the European Stock Exchange, Germany This is the most preferred, reflecting the expectations that financial stimulation motivates economic expansion. Italy has risen to second placeOutstanding France, Switzerland and Spain are the most preferred markets.
In spite of strong inputs, Some investors are aware of how European regeneration can last. Although 67% of NET continues to see positive perspectives for European values next year, this number is less than 76% last month, which indicates that hope is slightly cooled.
