Investors in June said they expected U.S. stocks to return 5.5% in the next 12 months, their most bullish forecast since the 2022 bear market, according to a Vanguard survey.
That is up from a 3.7% expected yearly increase for stocks as of April, and the highest reading since the 6% forecast in December 2021 . That was roughly a month before the S&P 500 index SPX hit a record high in January 2022, after which time the index fell at least 20% from its peak, meeting the widely held criteria for a new bear market.
The survey was based on responses from a random sample of about 2,000 Vanguard personal and 401 investors.
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