Thirty-six percent of respondents to Bank of America's Global Fund Manager's Survey said they believe the most likely outcome for the global economy is a "no landing," up from 23% a month ago.
After a strong first quarter, a confluence of issues, including sticky inflation, scaled-back rate cut expectations, and conflict in the Middle East, are giving investors pause in April.
A slew of corporate earnings will face investors this week as markets continue to digest the prospect of higher interest rates throughout 2024.