Charles Schwab Survey: Traders' bullish sentiment reaches the most optimistic level in two years

Zhitong
2024.08.29 01:32
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According to a survey by Charles Schwab, 56% of retail traders are optimistic about the market outlook for the next three months, the highest level in two years. Compared to 46% in the second quarter, optimism has increased due to easing inflation concerns and increased expectations of a Fed rate cut. Industries that are particularly favored include information technology, energy, healthcare, and utilities, while real estate and non-essential consumer goods are not viewed favorably. Most traders still favor stocks related to artificial intelligence and have a positive sentiment towards growth stocks and large-cap tech stocks