Online reported that Bank of America Global Research said on Tuesday that global investors have reduced their holdings of U.S. stocks by record levels in the past two months. They believe that a trade war that triggered a global recession is the biggest risk facing the market. In Bank of America's monthly survey of fund managers, respondents had a net deallocation of U.S. stocks of 36%, the highest level in nearly two years. In two months, allocation of U.S. stocks fell by 53 percentage points, setting a record for the largest decline in two months. The trend appears set to continue as a record number of respondents also said they intend to cut back on their allocation to U.S. stocks. Trump's aggressive tariff plan triggered a sell-off in U.S. assets, including stocks, dollars and U.S. Treasuries. Stocks rebounded on Monday, but the S & P 500 is still down about 8% so far this year. Bank of America surveyed 164 investors who managed $386 billion in assets. (Jin Shi)