US Investor Optimism Running at 9 Year Highs

US Investor Optimism Running at 9 Year Highs

US Investor Optimism Running at 9 Year Highs

$DIA, $SPY, $QQQ, $VXX

Investor optimism in the US is at a 9-year high as the stock market has climbed to record highs following the Election of Republican Donald Trump as President.

The Wells Fargo/Gallup Investor a534870-Megan-Fox-Call-of-DutyFeatures-Star-inEpicnd Retirement Optimism Index increased in November to 96 from 79 in the third quarter. The benchmark for retired investors increased 36 points to 117, and by 11 points to 89 among non-retired investors.

Tuesday, the US major stock market indexes finished at: DJIA +91.56 at 19974.62, NAS Comp +26.50 at 5483.94, S&P 500 +8.23 at 2270.76

Industry Watch
Strong: Technology, Consumer Discretionary, Industrials, Energy, Telecom Services
Weak: Health Care, Consumer Staples, Utilities, Materials, Real Estate

Volume: Trade was heavy, with nearly 1-B/shares exchanged on the NYSE

  • Russell 2000 +21.7% YTD
  • DJIA +14.6% YTD
  • S&P 500 +11.1% YTD
  • NAS Comp +9.5% YTD

Rising investor optimism and the stock market reaching all-time highs is great news to end the year on, but it isn’t necessarily driving investors to put their money into the markets. Investors are now becoming more interested in the markets, but it takes time for this optimism to translate to money flowing into the stock market, especially when investors have been cautious for so long.

Of the 7 index components, investor optimism improved the most on the 12-month outlook for economic growth, 57% of investors, up from 45% in Q-3, are now optimistic about economic growth while only 27% are pessimistic, down from 35%.

The Wells Fargo/Gallup Investor and Retirement Optimism Index fourth-quarter survey was conducted by telephone with 1,012 US investors November 16-20.

The index last approached the current mark in May 2007, prior to the 2007-2009 recession, when it registered 95.

Symbol Last Trade Date Change Open High Low Volume
NYSEArca:DIA 199.25 20 December 2016 0.65 199.16 199.61 199.06 2,466,702
HeffX-LTN Analysis for DIA: Overall Short Intermediate Long
Bullish (0.42) Bullish (0.35) Very Bullish (0.56) Bullish (0.35)

Stay tuned…

The following two tabs change content below.

Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

Latest posts by Paul Ebeling (see all)

You must be logged in to post comments :  
CONNECT WITH