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  "documentTitle": "BCG Investor Perspectives Series Q4 2023",
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  "notes": "Survey data from October 10-13, 2023, n=150.",
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      "text": "Short-term investor sentiment has become more bearish for 2024, but it remains bullish for 2025 and 2026, reflecting the increasingly uncertain macro environment and geopolitical landscape.",
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      "text": "Source: BCG Investor Perspectives Series, Q4 2023, October 10-13, 2023; n = 150. Note: pp = percentage point. The average across 24 investor pulse checks was calculated using the percentage of investors that were bullish for the current calendar year.",
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      "text": "Stock market return expectations are at a new low, but investors acknowledge substantial differences across companies, sectors, and regions.",
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      "text": "The most important macroeconomic concerns remain the Federal Reserve's policy on interest rates, geopolitical risks, and consumer price inflation.",
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      "text": "The three largest increases in investors' perceived macro risk since the June 2023 pulse check are geopolitical risk, public-sector debt and spending, and private-sector credit and default risks.",
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