BofA FMS:

34% of investors expect oil to trade between $80-90 a barrel by end 2026, 28% see $70-80, 22% see $90-100 58% of investors still expect Fed to cut rates in next 12 months, 46% expect ECB to hike in next 12 months Global equity allocation dropped to net 13% overweight, down from 37% in February Net 36% of investors expect a weaker global economy, a month ago a net 7% expected a stronger economy