Forty percent of the survey respondents believe the S&P 500 could end the year above 4,000

Forty percent of the survey respondents believe the $S&P 500 Index(.SPX.US)$ could end the year above 4,000, which represents a 6% gain from Thursday’s intraday level around 3,767 but still well below where it started the year at 4,766. Only 5% think the index could end the year above 5,000.

Many notable investors, from Stanley Druckenmiller to David Einhorn to Leon Cooperman, have been skeptical that the central bank will be able to engineer a so-called “soft landing,” where growth slows but doesn’t contract.

Druckenmiller, for example, said the bear market has a ways to run, while Cooperman recently called the S&P 500 to drop 40% from peak to trough and predicted a recession next year. $Dow Jones Industrial Average(.DJI.US)$ $Nasdaq Composite Index(.IXIC.US)$ $Tesla(TSLA.US)$ $AMC Entertainment(AMC.US)$ $Apple(AAPL.US)$ $SPDR S&P 500 ETF(SPY.US)$ $Invesco QQQ Trust(QQQ.US)$ $ProShares UltraPro Short QQQ ETF(SQQQ.US)$