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.
The S&P 500 logs its worst week since October 2023. The beaten-down stocks, having a solid Zacks Rank #2 (Buy), offer a good entry point.