According to a survey released by Deutsche Bank, investors do not believe that the bottom of the market is still below. Fewer than one in 10 investors expect the S&P 500 to bottom as early as June, a survey by investment bank Jim Reid showed. More than half of survey respondents, 58%, expect the bottom to come next year or later. The S&P 500 hit a closing low of 3,666.77 on June 16. The broader market index then rose as much as 17.4% by mid-August before declining from those levels. And most investors think they’re in for more pain. In September, 74% of traders expect the markets to hit 3,300 first, up slightly from 72% who expected the same in June. After that, some expect the S&P 500 to reach an all-time high of 4,500. A drop to 3,300 represents a potential 18% decline from Friday’s close. Traders expect the broader market index to retest June lows ahead of next week’s Federal Reserve meeting. Central bank policymakers are widely expected to approve a third consecutive 75 basis point interest rate hike to fight inflation. Here are some other investor expectations, according to a Deutsche Bank survey: Investors who expect the 10-year Treasury yield to reach 5% rather than 1% will rise. Seventy-three percent of investors this month predict the benchmark Treasury yield will reach 5% first, compared with 60% who expected the same in June. More and more people believe the Fed is on the right track in raising interest rates. Thirty-seven percent of those polled in September believe the central bank will “get it right,” compared to just 17% who said the same in April. Regardless, eight in 10 respondents expect a recession to come in 2023, while the number who think a downturn will come this year has halved from 20% to 10%. Markets were jittery in anticipation of the Fed’s next policy moves. Stocks rose on Monday afternoon as all three major averages continued to rise after snapping a three-week losing streak on Friday.