Reported 8 months ago
A survey conducted by Bloomberg Markets Live Pulse indicates that the S&P 500 Index has likely seen most of its gains for the year due to concerns about overvalued stock market conditions. While investors are not yet ready to sell, signs of caution are emerging, with around half of respondents anticipating a correction of at least 10% in 2024. Despite expectations of further gains, the survey projects a modest increase in the S&P 500 by the end of the year, with some participants considering a shift to more defensive positioning in the future.
Source: YAHOO