Treasuries Offer Value While Stocks Are at Risk, Investors Say
- Majority of poll respondents see US recession by end of 2024
- Most say it’s a good time to invest in long-duration bonds
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A clear majority of investors expect a US recession before 2024 is out, leading them to view the current bull market in stocks as ephemeral and to favor long-term US Treasuries.
That’s the takeaway from the latest Markets Live Pulse survey, which showed that roughly two-thirds of the 410 respondents anticipate a downturn in the world’s biggest economy by the end of next year. A minority of 20% of pollees even see a slump in 2023, at a time when the Federal Reserve’s own staff have ditched their recession forecast altogether.