2023 Gain, Recession Fears, and Debunking Bear Market Arguments: Insights from CNBC Survey
TL;DR Summary
According to a CNBC survey, over 60% of Wall Street investors believe that the stock market's gains in 2023 are just a bear market bounce, with more trouble ahead. The S&P 500 has fallen over 5% this month, cutting its 2023 gains to 11%, as the Federal Reserve signaled higher interest rates and bond yields rose. Additionally, 41% of respondents expect a recession in mid-2024, while 23% believe it will arrive later than 12 months from now.
Topics:business#bear-market-bounce#finance#interest-rates#recession#stock-market#wall-street-investors
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- We're in the Jaws of a Bear Market, Whether You Want to Admit It or Not RealMoney
- This Has Happened Only 3 Times Since 1959, and the Previous 2 Instances Led to Serious Bear Markets The Motley Fool
- Let’s debunk the bears' top arguments against further stock market gains MarketWatch
- View Full Coverage on Google News
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