(Bloomberg) — Income professionals betting on a sustained world rebound will be remaining sorely let down in the 2nd 50 % of this crushing yr as a protracted bear current market looms, even if inflation cools.

The very good information: Immediately after the historic plunge, shares and bonds aren’t far from bottoming out.

Which is the important information for Wall Road and over and above in the hottest MLIV Pulse survey, after another 7 days plagued by economic downturn worries.

The much more than 1,700 respondents harbor a good deal of dread that the Federal Reserve will stop up triggering an financial downturn by ramping up fascination fees to tame value pressures that continue to be mainly provide-aspect driven. However study contributors are considerably less bearish on the sector outlook than the professional course of doom mongers — projecting a great deal of the pain is by now priced in.