The two lines of the chart show data on an every-other-month basis from February 2017 through April 2024. One shows investors’ expected probability of a stock market disaster over the next 12 months. It rose to 4.8% in April 2024 from 4.2% in February. A second line shows investors’ expected probability of an economic disaster over the next three years. It increased to 4.7% in April 2024 from 4.3% two months earlier.