Research from BMO Capital Markets shows stocks have actually performed better under higher interest rate regimes over the past three decades.
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.