Recent sentiment surveys indicate a continued pessimism among investors, with the Investors Intelligence Bulls index at 28.3%, marking the second consecutive week below 30%. The AAII survey revealed a bearish sentiment above 55% for the fourth straight week, surpassing the previous record from early March 2009. Additionally, 50.4% of respondents anticipate a higher-than-normal chance of recession within the next year, with 21.7% deeming it 'highly likely'. The AAII four-week moving average of bulls versus bears stands at -40, a notably poor figure compared to historical data. A survey by Bank of America found that 44% of global investors expect a stronger economy, reflecting a significant drop of 42 percentage points from February. Furthermore, 63% of global investors predict a weakening world economy within the next 12 months, with a notable shift in sentiment among institutional investors, where 25% have turned negative on global economic perspectives, marking the second largest change in 31 years.