While the economy continues to produce positive
headlines, bullish sentiment among investors retreated slightly
from Q1 peaks.
E*TRADE Financial Corporation (NASDAQ: ETFC) today announced
results from the most recent wave of StreetWise, E*TRADE’s
quarterly tracking study of experienced investors. Results indicate
that positive investor sentiment has leveled off from the previous
quarter:
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- Bullish sentiment is at 63 percent,
decreasing two percentage points from Q1’17 highs.
- Slightly more than half of investors
believe the market will rise five percent or more this quarter,
down five percentage points from Q1’17.
- Investors remain most likely to choose
“Easy Rider” as the movie title that best describes their views of
the market.
- More than three out of five investors
continue to believe the U.S. economy is healthy enough for
additional rate hikes this quarter, down one percentage point from
the previous quarter.
“In this sustained bull market, a pullback or correction is
never out of the question,” commented Mike Loewengart, VP of
Investment Strategy at E*TRADE Financial. “With the Fed planning to
reduce their balance sheet, while suggesting more hikes may be on
the way, coupled with the legislative uncertainty around several
policy reforms, investors may be lowering their expectations, if
only to reflect if the market is peaking or gearing up for another
run.”
The survey also explored where investors feel potential
investment opportunities may be this quarter. Mr. Loewengart
offered insight into those identified:
- International equities. Talk of
the Trump Trade (i.e., bullish trades in sectors that stand to
benefit from President Trump's proposed policies) has dominated
U.S. markets, but investors appear to be turning their gaze to
international equities. While investors still favor domestic
markets, interest in both developed international and emerging
markets rose this quarter amid attractive valuations and
uncertainty in the U.S.
- Information technology. Investor
interest in information technology surged 12 percentage points from
the previous quarter, and is now the sector that investors believe
offers the most potential this quarter. While IT performance
struggled in the aftermath of the election, market observers are
pointing to strong fundamentals and robust consumer demand.
- Energy. While the energy sector
started the year as one of the worst performing sectors, its recent
resurgence has investors taking note, amid a tightening of
international supplies and profit growth expectations ahead of
earnings. Although interest in the sector declined from Q1,
surveyed investors still believe it offers potential this
quarter.
E*TRADE aims to enhance the financial independence of traders
and investors through a powerful digital offering and professional
guidance. To learn more about E*TRADE’s trading and investing
platforms and tools, visit etrade.com.
For useful trading and investing insights from E*TRADE, follow
the company on Twitter, @ETRADE.
About the Survey
This wave of the survey was conducted from April 1 to April 10
of 2017 among an online U.S. sample of 958 self-directed active
investors who manage at least $10,000 in an online brokerage
account. The survey has a margin of error of ±3.18 percent at the
95 percent confidence level. It was fielded and administered by
Research Now. The panel is broken into thirds of active (trade more
than once a week), swing (trade less than once a week but more than
once a month), and passive (trade less than once a month). The
panel is 60 percent male and 40 percent female with an even
distribution across online brokerages, geographic regions, and age
bands.
Referenced Data
When it comes to the current market are you?
Q2’17 Q1’17 Q4’16 Q3’16 Q2'16
Bullish 63% 65% 55% 55% 61% Bearish 37% 35% 45% 45% 39%
If you had to pick a movie title that
best describes how you personally feel about the market right now,
which would it be?
Q2'17 Q1'17 Q4'16 Q3'16
Q2'16 Easy Rider 25% 23% 26% 17% 20% Dazed and Confused 19%
21% 30% 40% 31% Singin' in the Rain 18% 17% 11% 9% 13% Raging Bull
15% 16% 7% 5% 6% Pulp Fiction 10% 11% 12% 12% 12% Jackass 7% 4% 6%
5% 6% Fear and Loathing in Las Vegas 4% 5% 6% 8% 8% Apocalypse Now
2% 2% 3% 4% 4%
How do you predict the market will end
this quarter?
(Question asked beginning in Q1’16)
Q2’17 Q1’17 Q4’16 Q3’16
Q2’16 Rise 55% 60% 54%
41% 59% Rise 20% 0% 1% 1% 1% 1% Rise 15% 4% 3% 2% 1%
2% Rise 10% 13% 13% 8% 5% 9% Rise 5% 38% 43% 44% 34% 47%
Stay
basically where it is 23% 18% 22%
28% 21% Drop 5% 16% 17% 19% 24% 16% Drop 10% 4% 4% 4%
6% 4% Drop 15% 2% 1% 1% 1% 0% Drop 20% 0% 0% 0% 0% 0%
Drop
22% 22% 24% 31% 20% Is
the U.S. economy healthy enough for the Fed to enact additional
rate hikes this quarter? Q2’17 Q1’17
Q4’16 Q3’16 Q2’16 Agree (Top 2 Box)
62% 63% 53% 33% 41% Strongly
agree 16% 15% 12% 6% 9% Somewhat agree 46% 48% 41% 27% 32%
Neither agree nor disagree 26% 23% 27%
30% 29% Somewhat disagree 10% 12% 15% 28% 20%
Strongly disagree 2% 2% 5% 9% 10%
Disagree (Bottom 2 Box)
12% 14% 20% 37% 30%
The health of the markets outside the U.S. appeals to me as an
investor this quarter. Q2’17 Q1’17
Q4’16 Q3’16 Q2’16 Agree (Top 2 Box)
50% 43% 40% 33% 44% Strongly
agree 12% 10% 12% 8% 11% Somewhat agree 38% 33% 28% 25% 33%
Neither agree nor disagree 29% 28% 28%
21% 21% Somewhat disagree 16% 24% 25% 31% 26%
Strongly disagree 5% 5% 7% 15% 9%
Disagree (Bottom 2 Box)
21% 29% 32% 46% 35% I
am more likely to invest abroad than domestically this quarter
Q2’17 Q1’17 Q4’16 Q3’16
Q2’16 Agree (Top 2 Box) 29% 26%
27% 18% 19% Strongly agree 7% 6% 6% 4% 7%
Somewhat agree 22% 20% 21% 14% 12%
Neither agree nor
disagree 26% 26% 25% 23% 24%
Somewhat disagree 31% 33% 32% 36% 35% Strongly disagree 14% 15% 16%
23% 22%
Disagree (Bottom 2 Box) 45% 48%
48% 59% 57% What industries do you
think offer the most potential this quarter? (Top three)
Q2'17 Q1'17 Q4'16 Q3'16 Q2'16
Information technology 46% 34% 50% 44% 51% Energy 45% 53% 46% 43%
48% Financials 39% 46% 32% 25% 29% Health care 39% 42% 45% 54% 56%
Industrials 28% 29% 17% 16% 19% Telecommunication services 24% 19%
27% 26% 24% Utilities 23% 22% 25% 31% 17% Consumer staples 20% 18%
27% 30% 27% Materials 20% 20% 14% 16% 14% Consumer discretionary
15% 16% 17% 15% 17%
About E*TRADE Financial and Important Notices
E*TRADE Financial and its subsidiaries provide financial
services including online brokerage and banking products and
services to retail customers. Securities products and services,
including ETFs, are offered by E*TRADE Securities LLC (Member
FINRA/SIPC) and OptionsHouse (Member FINRA/SIPC/NFA). Managed
Account Solutions are offered through E*TRADE Capital Management,
LLC, a Registered Investment Adviser. Bank products and services
are offered by E*TRADE Bank, a Federal savings bank, Member FDIC,
or its subsidiaries. More information is available at
www.etrade.com.
The information provided herein is for general informational
purposes only and should not be considered investment advice. Past
performance does not guarantee future results.
E*TRADE Financial, E*TRADE, the E*TRADE logo, and OptionsHouse
are trademarks or registered trademarks of E*TRADE Financial
Corporation. ETFC-G
© 2017 E*TRADE Financial Corporation. All rights reserved.
E*TRADE Financial Corporation and Research Now are separate
companies that are not affiliated. E*TRADE Financial Corporation
engages Research Now to program, field, and tabulate the study.
About Research Now
Research Now Group, Inc. is a global leader in digital research
data for better insights and business decisions. The company
provides world-class research data solutions that enable better
decisions and better results for its 3,000 market research,
consulting, media, and corporate clients through access to over 11
million deeply-profiled business professionals and consumers in
more than 40 countries. Research Now operates globally with
locations in the Americas, Europe, the Middle East, and
Asia-Pacific, and is recognized as the quality, scale, and customer
satisfaction leader in the market research industry. For more
information, please go to www.researchnow.com.
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