5 things investors should know about a coming recession, according to Bank of America

• Wall Street remains mixed on its recession outlooks for 2024.
• Bank of America broke down the top factors to watch for ahead of a potential downturn.
• A recession is not Bank of America's near-term base case.

So far, the US economy has staved off a recession, but Wall Street remains mixed on its outlook for the year ahead. Bank of America, for its part, does not include a recession in its near-term base case, but the head of CIO market strategy for Merrill and BofA Private Bank, Joseph P. Quinlan, said studying historical trends can help inform positioning and outlooks for investors.