Survey shows Trump tariffs end the era of US stock market exceptions

Jinshi data news on March 14th, due to the possibility that Trump’s tariff policy may end the ‘American exceptionalism’, investors are the most optimistic about US bonds in at least three years. According to a survey of 504 market participants this week, it is expected that the return of US bonds after Fluctuation adjustment next month will be higher than US stocks. 77% of people support bonds, the highest level in survey data since 2022. Only 9% of respondents believe that the global Market Cap of US stocks will return to historical highs, with about 40% expecting to drop to a new low in over a year. The vast majority of respondents believe that tariffs (not Fed policy) will be the most critical factor dominating stock valuations. Nearly half of the respondents expect to reduce their positions in the S&P 500 next month, with less than 20% planning to increase them. The market also lacks confidence in how to deal with the continuous decline in the stock market, as there were views at the beginning of the year that a big dump in the stock market would force Trump to adjust his policies, but now less than half of the respondents believe that Trump will intervene to rescue the market.