The stock market has had a tumultuous 2022 so far, with major indices such as the S&P 500 and the Nasdaq Composite in bear market territory. But according to market professionals surveyed in Bankrate’s Third-Quarter Market Mavens survey, the outlook for stocks should improve over the coming year. The group of experts foresees a 12% increase in the S&P 500 over the next 12 months, the eighth consecutive quarter the survey has predicted positive returns.
The survey’s respondents expect the S&P 500 to rise to 4,335 over the next year, up from 3,873.33 when the survey period ended on Sept. 16, 2022. The experts prefer U.S. stocks over international markets, but are split on whether value or growth will perform better.
“It’s a hopeful sign that despite the emergence of a bear market this year, our survey participants see upside for stocks over the next year and in the coming years,” says Mark Hamrick, Bankrate’s senior economic analyst. “They tend to be optimistic by trade to some degree, but they do see support for the market as a group.”
