More than half of the 224 global asset managers surveyed by BofA expect a "soft landing" over the next 12 months.
This is down by 15% from January when 71% of fund managers projected a soft landing.
Now, more than a third of global asset managers anticipate a hard landing.
As higher for longer returns, the risk of entering a recession appears to be growing.
The market is currently pricing less than 2 Fed rate cuts in 2024, down from 7 in December.
Soft landing expectations are quickly disappearing.
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- KinKat·04-19From your chart, 'Hard Landing' is Orange & actually reduced. Dark Blue is 'No Landing', which increased to 36%.LikeReport