Stock market bulls just might be back – Axios

Illustration: Aïda Amer/Axios
What goes down must go up. That's the message being sent by big global investors managing trillions of dollars in savings and retirement funds.
Why it matters: Most investors think we're either in a recession already or that one is inevitable — but that doesn't mean they're pessimistic when it comes to the markets.
By the numbers: The economic prognosis is mediocre at best. Less than 15% of U.S. investors think we're going to be able to avoid a recession, according to a new survey from Natixis.
The other side: The market is not the economy, and investors are beginning to think stocks have already bottomed out. Stock market investors expect returns of about 8% next year, while bond market investors expect growth of around 7%.
What they're buying: A Goldman Sachs analysis of hedge funds and mutual funds with $5 trillion of assets under management shows them positioned for a bounce back. They're betting the bear market is over.
The bottom line: Even if a recession arrives in 2023, that doesn't necessarily mean the market will fall.

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