Divergent Stock Outlook Reflects America’s Wealth, Education Divide
Well-off Americans expect a Fed pivot.
That's one way to explain the widest disparity in views on the near-term outlook for US equity prices between income cohorts on record.
What I've just said could be wholly dubious. For one thing, "on record" isn't even a decade. I'm referring to the mean probability that US stock prices will be higher one year from now in the New York Fed's consumer survey. The data only goes back to June of 2013.
Additionally, it's not possible (or, if it is, I'm not aw
H-Man, the smart money always leads the herd, sometimes to fame other times to folly. Somewhat similar to dogs, I have an alpha lab that is a trailblazer while the labradoodle is a cautious follower always thinking some bad will happen until the coast is clear.
Interesting…. I must admit, I’m of a very divided opinion, having felt for a while that stocks could easily go sideways for the next ten years, much like what happened after the stock-market crash of the early ’70s. And like so many, I’ve been fading this and the previous rally to raise cash. That said, I remain, for all intents and purposes fully invested, though I’ve strongly favored income over growth. As you have pointed out, H, there’s just so much uncertainty about the future.