Fund managers’ recession fears 'a lot less bearish' than 2022—but faith in U.S. stocks is collapsing, Bank of America poll finds

(Credit: Michael M. Santiago/Getty Images)

The start of the new year appeared to show an improvement in investor sentiment, with bruised stocks on Wall Street and in Europe enjoying rallies in the first trading weeks of the new year.

However, some trepidation has lingered thanks to uncertainty over corporate earnings and the economy, leading to more muted trading in recent days.