Despite promising signs of a recovering market, investors are holding out, with more than six in 10 (61%) saying that Americans are pessimistic about the markets, a survey commissioned by BNY Mellon Wealth Management has found.
The pessimism is leading investors to delay making investment or planning decisions. Nearly six in 10 (59%) said they are waiting for conditions to improve before taking action. Others are holding off until after the Presidential election to make investment decisions (nearly 40%). Still others—more than one in three—are waiting to get a better sense of where tax and interest rates are headed before making any investment or planning decision.
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