Investors are extremely negative about the outlook for the global economy - the share of risky assets in their portfolios has fallen to a record low, while the amount of cash has risen sharply. This was reported by Bank Of America, which conducted a survey among fund managers. The results showed that 58% of respondents admitted to taking less risk - the percentage is higher than during the 2008 crisis, the bank said.

According to the survey, the volume of investments in stocks has fallen to the level of October 2008. Expectations of respondents about possible profits were at a record low, while at the same time the expectation of recession was the highest since the beginning of the spread of the coronavirus 2 years ago. The most significant negative factor, according to respondents, is high inflation, which leads central banks to tighten monetary policy and contributes to the recession.

Yesterday European and American stock indices ended the day on an optimistic note, but in general the players are reserved. The BoA bullish/bearish strength indicator points to a purely bearish market, the bank said.