Bearish sentiment has hit its highest level since the Great Recession, according to a CNBC survey.
— with 28% of millionaires indicating a plunging stock market was the greatest threat to their wealth.
Eighty-one percent of millennials expect their holdings to rise in value by the end of next year. Conversely, 61% of baby boomers see their assets going lower or much lower in the year ahead. Losses are more extreme for the Nasdaq, where large-cap giants such as Meta and Amazon have conducted layoffs in an effort to trim costs. The tech-heavy index is down a whopping 33% so far this year.The Dow Jones Industrial Average has sunk more than 10% over the same period.
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