A majority of Wall Street investors didn't take solace in stocks' 2023 gains, thinking the market could retreat further as risk for a recession creeps up, according to the newWe polled about 300 chief investment officers, equity strategists, portfolio managers and CNBC contributors who manage money about where they stood on the markets for the rest of 2023 and beyond. The survey was conducted this week.
More than 60% of respondents believe the stock market's gain this year has just been a bear market bounce, seeing more trouble ahead. A total of 39% of investors believe we are already in a new bull market.
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