America's wealthy are 'in preservation mode' and don't think the market has hit a bottom: Survey

The stock market has started 2019 strong with major indexes rebounding from correction levels, yet bearishness among wealthy investors has increased in January, according to a survey from E-Trade Financial. Americans with more than $1 million in a brokerage account they self-manage are less confident in the economy and potential for market gains this quarter than they were during the volatile fourth quarter. Although January has gotten off to a strong start for the stock market, there's not a lot of confidence the market bottom has been reached, according to a survey of wealthy investors conducted this month by E-Trade Financial ETFC and provided exclusively to CNBC.