Axios
Axios covers a recent BCG pulse check survey of investors that gauges their impressions of the current market and their expectations for the future. Despite warning signs, more than half of respondents are bullish on the performance of the S&P 500 over the next three years. However, the survey also reveals a 10% decline in investor optimism in the index’s performance in 2022, compared with 2020. BCG’s Hady Farag explains that “the shrinking bullish contingent reflects the fact that valuations have expanded rapidly and the economic rebound is more priced in.”