Bloomberg survey: 77% of investors expect U.S. bonds to outperform U.S. stocks in the short term, and nearly half intend to reduce their positions in the S&P 500

As Trump's tariff policy could end the era of "exceptionalism" in the U.S. market, investors' bullish sentiment toward U.S. Treasuries reached its highest level relative to U.S. stocks in at least three years, according to a Bloomberg survey. A whopping 77% of the 504 market participants surveyed this week are optimistic that U.S. bonds will provide better returns than U.S. stocks in the coming month. (Synopsis: Debt frogs take off? U.S. Treasury yields fell to a new low of 4.2% this year, and Big Mo is expected to return to the 3-word head, and PCE is careful to fluctuate tonight) (Background addendum: Putin agrees to cease fire Ukraine but conditions, Trump tariffs kill U.S. stocks again, bitcoin once lost $80,000 and then rebounded) According to a Bloomberg Live Pulse survey, investors' bullish sentiment on U.S. Treasuries is as Trump's tariff policy may end the era of "exceptionalism" in the U.S. market. Relative to U.S. stocks, it reached its highest level in at least three years. American exceptionalism is an ideology that sees the United States as a unique country, completely different from other countries, which in turn implies that the United States has a leading position in financial markets. Supporting U.S. debt ratios at a new high since 2022 According to a Bloomberg survey of 504 market participants this week, a majority of respondents believe that U.S. bonds are expected to provide better returns than U.S. stocks in the coming month. And the gap between the two is not small, up to 77% of respondents are bullish on US Treasuries, which is the highest proportion in the survey's data since 2022. Source: Bloomberg Tariffs Disrupt the Golden Age of U.S. Stocks? The findings highlight a major shift in market attitudes, with the so-called "Trump Trade" driving the stock market surge after Trump's re-election, expecting the U.S. economy to continue to grow and asset demand to remain strong. However, this trend gradually unraveled with Trump's tariffs on Canada, Mexico, China and Europe, and the trade war triggered a sell-off in stock markets, sending the S&P 500 index down 10% from its all-time high into correction territory. And Trump's aggressive policies further show that the market is worried that the dominance of the US stock market may have reached its peak. Only 9% of respondents believe that the global market capitalization ratio of the US stock market will return to an all-time high by the end of 2025, while about 40% expect the US stock market share to fall to its lowest level in more than a year. And the vast majority believe that tariffs will be key to influencing stock market valuations compared to the Fed policy. U.S. market share in global stock markets Safe-haven demand stimulates U.S. bonds and gold prices On the other hand, due to the hidden dangers of Trump's tariff policy, the U.S. stock market has fallen endlessly recently, and many investors have begun to take safe-haven measures. Almost half of the respondents expect to reduce their exposure to the S&P 500 in the next month, and less than 20% plan to increase their positions. At the same time, more than half of investors expect the yield on the 10-year Treasury note to fall in the coming month, echoing the current trend in the US bond market. Due to the increase in safe-haven demand, many funds began to pour into the US bond market. According to financial M-squared data, the current US 10-year Treasury bond yield has reached 4.3%, continuing to remain in the low range this year. It has fallen 49 basis points since its January high (4.79%). In addition, the price of gold, also a safe-haven asset, also broke through $2,990 today, a record high. As for whether the follow-up Trump policy will also disrupt the US and even the global economy and further deepen the safe-haven needs of investors, it deserves our follow-up attention. Related reports Putin agrees to a ceasefire in Ukraine but conditions, Trump tariffs kill U.S. stocks again, bitcoin once lost $80,000 and then rebounded The U.S. Treasury Department promotes "bitcoin reserves" rumors have met with 3 custodian companies, and the Democratic Party pressured to stop: It's all Trump's conspiracy Gold knocked $3,000 to a record high! Bitcoin's "risk-off narrative failure" is struggling [Bloomberg survey: 77% of investors expect U.S. bonds to outperform U.S. stocks in the short term, and nearly half intend to reduce their positions in the S&P 500 index] This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".