BofAML's Fund Manager Survey Sees Trade as Biggest Tail Risk

The video discusses the current market concerns about trade wars and their impact on investments. It highlights the Bank of America's view that risk assets are a buy if trade concerns don't materialize. The discussion covers the decline in growth and profit expectations, the shift in investment strategies, and the debate between growth and value investments. The video also examines the impact of the yield curve on financials and the potential for market rally if trade fears diminish.

What does the current market sentiment suggest about trade war risks?

How did the market react to the concerns about tariffs mentioned in the text?

What were the expectations for growth and profit according to the survey mentioned?

What factors are influencing the allocation to financials and Fang stocks?

What conditions are suggested for a potential rotation back into value stocks?