Americans expect stocks to gain in the next year, even as their own financial conditions worsen
It's in sharp contrast to what Americans expect will happen to their household finances over the next year, the survey showed. Three measures of household finances - expectations for growth in earnings, total household income, and consumer spending - all fell to survey lows in April, according to the report.
The survey highlighted a disconnect seen between current economic data and the US stock market. While reports continue to show a dismal economy and future outlook, stocks have continued to grind higher.A hedge-fund chief overseeing $2 billion shares 5 reasons why he sees bitcoin surging 900% by the end of 2021 as Paul Tudor Jones dives into the asset
The S&P 500 has gained more than 30% from its March lows, and now is about 14% from February highs. This is in part thanks to aggressive measures from the Federal Reserve to increase liquidity in financial markets amid the coronavirus pandemic.
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