As a result of the Trump administration’s ever-evolving tariff agenda, investor sentiment is now worse than it was during the height of the Covid pandemic, which paralyzed large parts of the global economy, according to new survey data.
Sentiment among fund managers is the fifth lowest on record, according to the most recent Bank of America Fund Manager Survey, which polled 164 global fund managers managing a cumulative $386 billion in assets between April 4 and 10.