E*TRADE Study Reveals Significant Rise in Bullish Sentiment
April 12 2019 - 8:05AM
Business Wire
Yet volatility remains top of mind for
investors
E*TRADE Financial Corporation (NASDAQ: ETFC) today announced
results from the most recent wave of StreetWise, the E*TRADE
quarterly tracking study of experienced investors. Results show an
increase in positive investor sentiment as the market has steadily
moved ahead from December 2018 lows.
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(Graphic: Business Wire)
- Bullish sentiment returns.
Bullishness rose 12 percentage points since last quarter to once
again represent the majority of investors at 58 percent.
- Investors believe there’s more room
for the bull market to run. Two-thirds of investors say they
think the bull market has a year or more to go (66%), up seven
percentage points from last quarter.
- The majority gave the US economy a
passing grade. Investors who gave the economy an “A” or “B”
grade rose 9 percentage points this quarter, to 64%.
- Volatility concerns
remain. Investors who believe volatility will stay the
same was up by 8 percentage points from Q1.
“It’s been a great start to the year for the market,” said Mike
Loewengart, VP of Investment Strategy at E*TRADE Financial. “While
economic data has shown some slowing, many encouraging data points
remain, particularly in the labor market. Investors have shown
their resilience and, at least for now, seem to have shrugged off
growth concerns from the Fed, as well as auxiliary geopolitical
concerns from Brexit, Iran, and Latin America. Hopes of a trade
deal with China spring eternal, and any clarity on that front could
serve to further drive investor confidence.”
The survey also explored investor views on sector opportunities
for the second quarter of 2019:
- Health care. Health care remains
the top choice among investors (48%) this quarter, as the sector is
traditionally viewed as non-cyclical amid global growth
concerns.
- Energy. Nearly half of investors
(48%) see opportunity in the energy sector amid crude’s recent
rally and after coming under pressure at the end of 2018.
- IT. Despite semiconductor
weakness amid ongoing trade disputes, IT holds its place at third
this quarter with relatively attractive valuations.
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 11
of 2019 among an online US sample of 917 self-directed active
investors who manage at least $10,000 in an online brokerage
account. The survey has a margin of error of ±3.20 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% male and 40% female, with an even distribution across
online brokerages, geographic regions, and age bands.
About E*TRADE Financial and Important Notices
E*TRADE Financial and its subsidiaries provide financial
services including brokerage and banking products and services to
retail customers. Securities products and services are offered by
E*TRADE Securities LLC (Member FINRA/SIPC). Commodity futures and
options on futures products and services are offered by E*TRADE
Futures LLC (Member 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, and RIA custody solutions are offered by E*TRADE Savings
Bank, both of which are national federal savings banks (Members
FDIC). 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, and the E*TRADE logo are trademarks
or registered trademarks of E*TRADE Financial Corporation.
ETFC-G
© 2019 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.
Research Now Group, Inc. provides digital research data and has
locations in the Americas, Europe, the Middle East and
Asia-Pacific. For more information, please go to
www.researchnow.com.
Referenced Data
When it comes to the current market are you?
Total Q2’19 Q1’19 Q1’18
Q1’17 Bullish 58% 46% 68% 64% Bearish 42%
54% 32% 36%
How many years do you
think we have left in the bull market? Total
Q2’19 Q1’19 5+ years 5% 5% 3–4 years 24% 20% 1–2
years 37% 34% The end is near 23% 32% I don’t know 11% 9%
What grade would you give the current
state of the U.S. economy right now?
Total Q2’19 Q1’19 A 15% 14% B 49% 41% C 29%
32% D 5% 10% F 2% 3%
Over the next quarter, do you think
volatility will...
Total Q2’19
Q1’19
Greatly increase 9% 16% Somewhat increase 45% 42% Stay the same 41%
33% Somewhat decrease 5% 9% Greatly decrease 0% 0%
What industries do you think offer the most potential this
quarter? (Top three)
Q2’19 Q1’19 Q4’18
Q3’18 Q2’18 Health care 48% 50% 44% 41% 46% Energy
48% 40% 42% 43% 41% Information technology 44% 38% 49% 45% 44%
Financials 34% 36% 40% 41% 40% Utilities 27% 29% 23% 24% 22%
Consumer staples 22% 30% 21% 19% 24% Communication services 22% 23%
21% 27% 24% Industrials 22% 20% 21% 22% 22% Materials 19% 16% 17%
20% 20% Consumer discretionary 15% 17% 22% 19% 18%
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190412005190/en/
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