Sentiment among Wall Street investors weakened in April, following a slump bump in February and March, according to a new Goldman Sachs poll.
The Global Markets Division’s Marquee QuickPoll of institutional investors reported that the net sentiment of institutional investors toward risky assets fell below -50 percent. The monthly survey has been steadily declining since hitting a peak in early 2021.
Investors are also worried about a recession, the survey revealed. Two-thirds of investors anticipated a recession before the end of 2023, up from 56 percent in April. They believe that an economic downturn is necessary to help inflation normalize.
The one sector that institutional investors are most bearish in is tech. Sixty-two percent think the industry could tumble by another 10 percent.
…