Most Americans see recent stock gains as unsustainable, survey finds

A survey published Sept. 22 by Allianz Life found that 74% of Americans believe recent market highs are unsustainable and a correction may be approaching. Nearly two-thirds said unpredictable economic conditions were holding them back from financial decisions, while 27% said they were comfortable investing.

The S&P 500 has gained about 13% this year and is near a record high. Concerns cited include high stock valuations, expectations for artificial intelligence, rising energy prices and borrowing costs. Two major indexes fell 10% from recent highs in March, entering correction territory.

Market analysts said a correction generally means a 10% drop in an index, while a bear market typically involves a decline of at least 20% that persists. They differed on whether current prices reflect an AI bubble, and one analyst said fears of a downturn could prompt investors to sell or delay buying, potentially adding to market pressure.

Read the full story at lufkindailynews.com.