Post by Dave on Dec 8, 2022 2:41:10 GMT -8
It’s a Thursday morning and our pre-market is green at +0.29% at this moment. What shall we talk about today?
Stock futures are slightly positive as investors assess risk of an economic downturn
and
Retail traders think stocks will bottom in 2023 — and they plan to load up on Big Tech, survey says
Stock futures are slightly positive as investors assess risk of an economic downturn
During the regular session Wednesday, the S&P 500 declined 0.19% in its fifth straight losing session. The Dow was virtually flat, adding just 1.58 points. Meanwhile, the Nasdaq Composite slipped 0.51%.
The Federal Reserve is expected to issue a 50 basis point interest rate hike next week. It’s a smaller increase than the prior four rate hikes. Still, investors are increasingly concerned whether the central bank can avoid a recession next year in its attempt to squash inflation.
“We’ve been waiting for earnings to come down, we’ve been waiting for CEOs to acknowledge the fact that a recession is more likely than not, and here we are,” Liz Young, head of investment strategy at SoFi, said Wednesday on CNBC’s “Closing Bell: Overtime.”
“It’s hard for me to see how we wouldn’t have one. But I think it would be a good thing if we just got it over with,” Young added.
On the economic front, investors are awaiting the latest data on weekly jobless claims before the bell on Thursday. Economists polled by Dow Jones are anticipating a reading of 230,000, up slightly from the prior week’s total of 225,000.
Traders are expecting the most recent earnings results from Lululemon Athletica, DocuSign, Broadcomand and Costcoafter the bell Thursday.
The Federal Reserve is expected to issue a 50 basis point interest rate hike next week. It’s a smaller increase than the prior four rate hikes. Still, investors are increasingly concerned whether the central bank can avoid a recession next year in its attempt to squash inflation.
“We’ve been waiting for earnings to come down, we’ve been waiting for CEOs to acknowledge the fact that a recession is more likely than not, and here we are,” Liz Young, head of investment strategy at SoFi, said Wednesday on CNBC’s “Closing Bell: Overtime.”
“It’s hard for me to see how we wouldn’t have one. But I think it would be a good thing if we just got it over with,” Young added.
On the economic front, investors are awaiting the latest data on weekly jobless claims before the bell on Thursday. Economists polled by Dow Jones are anticipating a reading of 230,000, up slightly from the prior week’s total of 225,000.
Traders are expecting the most recent earnings results from Lululemon Athletica, DocuSign, Broadcomand and Costcoafter the bell Thursday.
and
Retail traders think stocks will bottom in 2023 — and they plan to load up on Big Tech, survey says
KEY POINTS
-Only 1% of retail traders plan to sell off their investments in 2023, according to a survey from Finimize, while 65% will continue investing and 29% plan to add to their portfolios.
-The survey of over 2,000 retail investors across Europe, Asia and the U.S., found that over 80% think the worst of the stock market rout will be over within six months.
-The majority (72%) of the traders plan to back individual stocks next year, with 64% favoring Big Tech names like Apple, Microsoft, Google and Meta.
. . . .
“Additionally, it is clear that the retail investor narrative is changing. For example, previously there has been a focus on how a tiny population of day traders is behaving.”
The survey of over 2,000 retail investors across Europe, Asia and the U.S., found that over 80% of retail investors think the worst of the stock market rout will be over within six months.
. . . .
Without a doubt, the biggest financial concern among retail is the cost-of-living crisis. Consumer budgets are being constrained by high inflation, and that’s been a blow to stocks as central banks raise interest rates to tame soaring prices.
More than half (55%) of retail investors said their biggest financial worry right now was the rising cost of living. Close behind that was higher interest rates, with 28% of traders citing this as their biggest fear.
. . . .
“As the environment becomes more uncertain, we expect retail investors to have lower trading volumes but continue to invest.”
The retail investment community is set to account for 61% of all assets under management globally by 2030, up from 52% in 2021, according to wealth management strategy consulting firm Indefi.
-Only 1% of retail traders plan to sell off their investments in 2023, according to a survey from Finimize, while 65% will continue investing and 29% plan to add to their portfolios.
-The survey of over 2,000 retail investors across Europe, Asia and the U.S., found that over 80% think the worst of the stock market rout will be over within six months.
-The majority (72%) of the traders plan to back individual stocks next year, with 64% favoring Big Tech names like Apple, Microsoft, Google and Meta.
. . . .
“Additionally, it is clear that the retail investor narrative is changing. For example, previously there has been a focus on how a tiny population of day traders is behaving.”
The survey of over 2,000 retail investors across Europe, Asia and the U.S., found that over 80% of retail investors think the worst of the stock market rout will be over within six months.
. . . .
Without a doubt, the biggest financial concern among retail is the cost-of-living crisis. Consumer budgets are being constrained by high inflation, and that’s been a blow to stocks as central banks raise interest rates to tame soaring prices.
More than half (55%) of retail investors said their biggest financial worry right now was the rising cost of living. Close behind that was higher interest rates, with 28% of traders citing this as their biggest fear.
. . . .
“As the environment becomes more uncertain, we expect retail investors to have lower trading volumes but continue to invest.”
The retail investment community is set to account for 61% of all assets under management globally by 2030, up from 52% in 2021, according to wealth management strategy consulting firm Indefi.