InspereX survey shows most advisors are bullish on the S&P’s year-end outlook

According to a survey by InspereX, most advisors are bullish about the status of the benchmark S&P 500 (SP500) and anticipate that the index will deliver further upside by year-end.

InspereX is an underwriter and distributor of fixed income and market-linked securities. According to its latest “InspereX Pulse Survey,” 78% of the 487 financial advisors who responded said they were optimistic about the outlook for the S&P (SP500).

Moreover, 43% of advisors anticipate additional gains of 5% will take place by year-end, while 30% forecast a 10% gain, and 5% of individuals surveyed foresee advancements of 20% or more taking place.

“Just 9% of advisors said they expect a S&P 500 correction (down 10%) before year-end; only1% forecast a bear market (down 20%), and zero respondents expected the market to ‘crash,’” InspereX stated.

Additionally, 12% of the advisors believe that the S&P 500 (SP500) will just tread water and finish flat from here on out.

The survey that InspereX conducted also revealed the fact that more than half (56%) of advisors stated that the magnificent seven stocks – (AAPL) (AMZN) (GOOG) (GOOGL) (META) (MSFT) (NVDA) and (TSLA) – will outpace the S&P 500 (SP500) from mid-July to the end of 2024.

For investors looking to further monitor the status of Wall Street’s benchmark S&P 500 (SP500), they can shift their attention towards both exchange-traded funds and mutual funds as a proxy for exposure towards the index. Some funds to evaluate are as follows: (NYSEARCA:VOO), (NYSEARCA:SPY), (NYSEARCA:IVV), (SSO), (UPRO), (SH), (SDS), (SPXU), (FXAIX), (VFIAX), and (VFFSX).