Consumer survey shows record high optimism toward the stock market, even as election looms

Despite the increased market volatility due to the U.S. Presidential election, consumer confidence in stocks has reached an all-time high, with over 50% of participants expecting stocks to rise over the next year. However, the investment bank BTIG remains cautious, noting that bonds are still uncertain and the 10-year Treasury yield could climb. The Magnificent Seven companies that have been driving the market rally are also at a critical point, with Nvidia’s upcoming earnings report being a key factor. Overall, the market is facing important decisions and potential changes in the coming days, with the election and Federal Reserve meeting on the horizon.