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Alternative Market Briefing

US retail investors expect market correction later this year, but fail to prepare

Friday, September 29, 2017

Komfie Manalo, Opalesque Asia:

A small majority of investors are expecting a market correction later this year and see the stock market take back some "significant gains," a joint survey by Wells Fargo and Gallup showed. However, the 54% of investors who expect market correction are still down from the 62% who worried about such a correction in 2013 and 58% in 2014 - the previous high points.

"One of the consequences of a protracted bull market is, unfortunately, investor complacency. With a market correction inevitable at some point, it's important for investors to check their confidence with a comprehensive risk assessment to determine how a market correction could affect their overall investment strategies," said Heather Hunt-Ruddy, head of Client Experience and Growth at Wells Fargo Advisors.

Most investors are not acting proactively to shield their portfolio as less than half say they are consulting with a financial advisor (48%) or rebalancing their portfolio (40%) in anticipation of a correction. Even fewer say they are selling stocks to help protect from future losses (18%) or buying bonds to help reduce their exposure to market risk (20%).

These findings come from the Wells Fargo/Gallup Investor and Retirement Optimism Index third-quarter survey conducted by telephone with 1,006 U.S. adults in households with $10,00......................

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