18 June 2025 | Dollar | S&P 500

BofA survey reveals US stocks' outperformance is coming to an end

BofA survey reveals US stocks' outperformance is coming to an end

According to Bank of America's (BofA) latest survey of fund managers, foreign stocks will outperform US equities over the next five years. This reaffirms the widespread belief among investors that the US market's dominance is coming to an end.

About 54% of asset managers expect global stocks to be the leading asset class during the said period, while 23% prefer US equities. Only 13% believe gold will offer the highest returns, and 5% favor bonds.

The idea of selling US assets is gaining popularity among market participants as President Donald Trump's policies unfold, Bloomberg reports. The US president is raising import tariffs and promoting legislation that economists estimate could increase the federal budget deficit by $2.4 trillion over the next decade.

A BofA survey found investors have recently shifted their attention to eurozone, emerging markets, and banking sector equities. US stocks, the dollar, and energy commodities are not among their priorities.

Elena Berseneva MarketCheese
Period: 27.05.2026 Expectation: 700 pips
Buying EURUSD in anticipation of Fed and ECB policy moves
Today at 11:34 AM 16
Period: 15.05.2026 Expectation: 1000 pips
SPX sell-off comes into play on technical pullback
Today at 10:49 AM 14
Period: 31.05.2026 Expectation: 800 pips
Investing in EURUSD with 1.1780 target
Today at 10:49 AM 10
Period: 04.05.2026 Expectation: 2100 pips
SPX may run into profit-taking near record highs with earnings on deck
Today at 10:10 AM 12
Gold buy
Period: 11.05.2026 Expectation: 120 pips
Buying gold with $4,850 in view
Today at 09:32 AM 35
Period: 04.05.2026 Expectation: 3560 pips
Silver stages recovery after sell-off on Middle East turmoil
Today at 06:47 AM 25
Go to forecasts