Earlier Reported, Bullish Sentiment Declined Among Retail Traders in Q2 As Inflation Concerns Rise, According To A Schwab Survey; Of Those Polled, 46% Reported A Bullish Outlook On The U.S. Stock Market, Down From 53% In Q1
Author: Benzinga Newsdesk | May 23, 2024 10:46am
Sentiment among traders dipped in the second quarter of 2024 but remained higher than 2022 and 2023 levels according to the latest Charles Schwab Trader Sentiment Survey, a quarterly study that explores the outlooks, expectations, and perspectives of traders at Charles Schwab. Of those polled, 46% reported a bullish outlook on the U.S. stock market, down from 53% in the first quarter. Bearish sentiment varied by age, but compared to last quarter, increased significantly among young and mid-life investors, jumping more than 15% for each group.
Trader expectations for rate cuts moderated significantly compared to last quarter, with 43% expecting up to 50 basis points in rate cuts (up from 34%), 20% expect 51-100 basis points in cuts (down from 47%) and only 5% expect cuts over 100 basis points (down from 20%). A further 32% believe the Fed will not cut rates this year, up from 10% last quarter.
Posted In: SCHW SPY