Advisors Don’t See a Market Crash in 2024
2024年8月7日 - 1:45AM
ビジネスワイヤ(英語)
Advisors Most Concerned About Market
Volatility, Say Clients Are Too
According to the latest InspereX Pulse Survey of 487 financial
advisors, the majority (78%) of advisors are bullish about the
S&P 500 and expect it will deliver more upside by the end of
2024. Specifically, 43% of advisors expect additional gains of 5%;
30% forecast a 10% upside; and 5% see gains of 20% or more (based
on the S&P 500 performance between July 8 – July 15).
Just 9% of advisors said they expect a S&P 500 correction
(down 10%) before year-end; only 1% forecast a bear market (down
20%), and zero respondents expected the market to “crash.” Further,
12% said they expect the S&P 500 to be flat through
year-end.
Magnificent bulls
More than eight-in-ten (82%) respondents said equities will be
the top performing asset class in 2024, with alternatives coming in
a distant second (5%).
The majority (56%) of advisors said the Magnificent 7 stocks
(AAPL, AMZN, GOOG, META, MSFT, NVDA, TSLA) will outperform the
S&P 500 from mid-July to the end of 2024.
Advisors most worried about volatility
Advisors say volatility is their top concern, and that their
clients share the same worry.
Specifically, advisors said their clients were most worried
about:
- Market volatility (31%)
- US Presidential election (29%)
- Inflation (28%)
Advisors said they were most worried about:
- Market volatility (31%)
- Inflation (21%)
- Interest rates (20%)
Just 9% of advisors are worried about the US Presidential
election.
“The bulls have spoken: they see more upside in the S&P 500
for the rest of the year, which they expect will be exceeded by the
Magnificent Seven,” said Chris Mee, Managing Director at InspereX.
“That said, advisor concerns are warranted given the return of
volatility in recent sessions, and we know there are additional
macroeconomic factors that can lead to further uncertainty. All of
this means it’s a good time to consider opportunities to stay
invested in equities to benefit from the potential upside, while
also protecting against downside in case circumstances change
quickly. Because we know they can,” Mr. Mee added.
About the survey – View the 2024 Survey
Results
InspereX is the tech-driven fixed income and structured products
distribution and trading firm. The 2024 InspereX Pulse Survey was
conducted between July 8-15, 2024 by Red Zone Marketing on behalf
of InspereX. The 487 financial advisors responding work at
independent broker/dealers, RIAs, banks, regional firms and
wirehouses. During the survey period the S&P 500 high was
5666.94 and closed on July 15 at 5631.22.
About InspereX
InspereX was founded 25 years ago by Tom Ricketts, now our
Chairman as well as the Executive Chairman of the Chicago Cubs. We
pioneered delivering innovative, institutional-quality strategies
and offerings to the retail market, and we’re now an industry
leader in underwriting, marketing, and distributing a wide range of
fixed income investments and structured products. Our
ground-breaking investments, distribution, education, and
technology have been recognized with dozens of awards. InspereX
represents more than 400 issuing entities, distributes to more than
1,500 partners, and has underwritten more than $750 billion in
securities. The firm has seven trading desks and more than 180
employees with offices in Delray Beach, Florida; San Francisco;
Chicago; and New York City.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240806800221/en/
John Principio River Communications 914-686-5599
jprincipio@riverinc.com