Bank of America records record pessimism on the US dollar February survey

A survey of fund managers controlling assets over $440,000,000,000+.

Coindesk: The number of bearish bets on the US dollar has reached a ten-year high, which could positively impact BTC.

▫️Record low since 2012 for US dollar pessimism – investors are reducing their holdings.

▫️87% of investors believe the dollar's share in global reserves will continue to decline – many are already reducing their "American" exposure or hedging currency risks.

▫️Investors are moving out of the US and reallocating into emerging markets #CelebratingNewYearOnGateSquare highest interest since 2021( and the Eurozone. US stocks, the tech sector, and the dollar are clear underperformers, with bets placed on energy, commodities, and everyday goods.

❗️Main fears are – "AI bubble" )25%(, inflation )20%(, and uncontrolled growth in US government bond yields )17%(.

▫️The most "overloaded" trade for the second consecutive month is a long position in gold )50%(.

▫️At the same time, risk appetite is at its peak: the overall sentiment indicator reached 8.2 out of 10 – the highest level since mid-2021.

▫️The "bulls and bears" indicator jumped to a maximum of 9.5 – according to BofA methodology, this is a sell signal )❗️(.

▫️Cash holdings in portfolios increased from 3.2% to 3.4% – for the first time in 7 months, but the level remains very low.

▫️52% of managers expect the global economy to continue growing unabated – a record figure. Another 36% expect a real economic boom – the highest since February 2022.

▫️24% of respondents forecast double-digit growth in corporate profits in the next year – the strongest optimism since August 2021.

▫️Investments in stocks are at their highest since December 2024, in bonds – at their lowest since September 2022. The combined rate on stocks and commodities is at its highest since January 2022.