Source: NYSEThe majority of Wall Street investors believe stocks have entered a new bull market and the U.S. economy will skirt a recession in 2023, according to the new CNBC Delivering Alpha investor survey.
Zoom In Icon Arrows pointing outwardsSixty-one percent of respondents believe the market has entered a new bull run, while 39% think this is a bear market rally.
Technically speaking, some have already declared a brand new bull market after the S&P 500 met the most simplistic standard by closing up 20% from its October bear market low.
However, many investors do not consider it the end of a bear market until the S&P 500 reaches a new high.
The S&P 500 is about to end the first half with flying colors, up nearly 15% after four straight winning months in a row.
Persons:
Carol Schleif, Jason Draho
Organizations:
NYSE, Wall, CNBC Delivering Alpha, CNBC, BMO Family Office, UBS Global Wealth Management
Locations:
U.S