Survey: Market pullback expected, Fed approval high, recession forecasted

Summary: In the CNBC Delivering Alpha Stock Survey, 61% of respondents predict a market pullback soon, despite the S & P 500's 9% first-quarter gain. 82% approve of the Federal Reserve's handling of the economy. 52% foresee a recession in 2025, up from 23% previously. Overseas markets like Japan and Europe are favored for investment. Tech is the preferred sector, with 39% suggesting selling AI stocks. In case of a market downturn, 65% would opt for cash.

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