Investors Are Glum, Even With Stocks at All-Time Highs

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Investors Are Glum, Even With Stocks at All-Time Highs
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Half of fund managers believe the global economy will weaken over the next year—but doubt can be a healthy backdrop for markets

Stocks are back at records, but many investors are the most pessimistic they have been in years.

The share of individuals who say they expect U.S. stocks to rise over the next six months has held below 30% for six consecutive weeks, according to the American Association of Individual Investors. That marks the longest such streak since the...

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