Millionaire investors are betting on double-digit declines in stocks next year, according to the CNBC Millionaire Survey.
Millionaire investors are betting on double-digit declines in stocks next year, reflecting their most bearish outlook since 2008, according to the CNBC Millionaire Survey.
The last time millionaire investors were this gloomy was during the financial crisis and Great Recession more than a decade ago. Many millionaires are holding cash and planning to stay on the sidelines, at least for the foreseeable future. Nearly half of millionaire investors have more cash in their portfolio than last year, with 17% holding "a lot more."
Walper said millennials have grown up in a financial world of low interest rates and rising asset prices, where market sell-offs have usually been followed by quick rebounds. Older generations, he said, may remember the high-inflation, rising-rate world of the 1970s and early 1980s, when the S&P drifted lower for more than a decade.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Peugeot e-2008 2022 UK first drive | AutocarREVIEW: Can the Peugeot e-2008 stand out in an increasingly congested class? Atters_J samples the model's extra range and new kit
Les mer »
Millionaires predict gloomy US stock market will get much worse in 2023Bearish sentiment has hit its highest level since the Great Recession, according to a CNBC survey.
Les mer »
Cramer: What I learned about investing from the first millionaire I met as a kidI learned then what I put into practice later — if you were diligent and consistent and invested in a company you liked, you could get rich.
Les mer »
Deadline extended for Northeast Ohio’s Top Workplaces 2023 surveyIf you want your Northeast Ohio employer to be recognized, you still have time. Nominations will now be accepted until Jan. 27.
Les mer »
Survey: Donald Trump Takes 5-Point Lead in Head-to-Head with BidenFormer President Donald Trump leads President Joe Biden in a hypothetical 2024 presidential matchup, the most recent Harvard CAPS/Harris Poll found.
Les mer »
Survey: Tech executives say cloud computing and security are top priorityIn a survey with the CNBC Technology Executive Council, more than 85% of TEC members say cloud computing and security is critically important for their business. The consensus is cyber security and protecting IP from China and other actors should be a top priority for the newly elected Congress.
Les mer »