Traders Remain Optimistic about Equities Through Q1 2014
SAN FRANCISCO -- October 10, 2013
Nearly 85 percent of traders say they are confident that stock prices will
either remain at or near their current levels or continue to rise over the
next three to six months, according to new data captured in Charles Schwab’s
most recent Trading Services Sentiment Survey from September 2013.
Despite geopolitical uncertainty and near-term risks – including gridlock in
Washington, D.C. over government funding, the debt ceiling and the specter of
tapering looming from the Federal Reserve – bullish sentiment increased to 44
percent, compared to June 2013 when some 38 percent of those surveyed
identified themselves as bullish.
In addition to reporting a positive outlook on the market, nearly all
respondents (99 percent) describe themselves as having a moderate to high
tolerance for risk when trading. In fact, more than 21 percent of those
surveyed report a higher risk tolerance today than just one year ago.
Moreover, with September having marked the five year anniversary of the
financial crisis, nearly half (48 percent) of respondents report that they are
more confident in the markets today than they were in September 2008.
“Against the backdrop of economic and geopolitical uncertainty, 55 percent of
respondents say that the primary reason they trade is to take control of their
finances,” said Kelli Keough, Senior Vice President of Trading Services at
Charles Schwab. “With another 41 percent saying they trade primarily to
generate income, we continue to see today’s trader taking a hands-on approach
to engaging with the markets. Contrary to what might be general perception,
less than two percent of traders say they trade because they enjoy the
The latest Trading Services Sentiment Survey also revealed that traders
continue to evaluate trading opportunities while on-the-go. Just over 30
percent report conducting stock research from a mobile device or tablet.
Data from the Charles Schwab Trading Services Sentiment Survey were derived
from responses of participants in Charles Schwab’s virtual education event on
September 19, 2013.
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Alissa Carter, 212-403-9240
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