President Trump Lifts Millennials Trust and Interest in Buying Stocks
$SPY, $BTC, $ETH
- The Trump Effect
US have risen sharply since the election of Donald J. Trump as the 45th President of the United States on 8 November 2016, and Millennials are taking full advantage.
The millennial generation is educated and extremely tech savvy and there are lots of available areas for them to get involved.
Some 40% of Millennials with online accounts trade options at least 1X a month, according to an E*Trade study, compared to only 25% of Generation X’rs.
Gen X’rs did not grow up in such an environment of free wheeling information and unlimited accessibility. If more Gen X’rs want to trade stock, they need to become more aware of the opportunities available to them with all of the new technologies, applications and interfaces in the market place.
In fact, 33% of investors age 18 to 34 recently said they plan to move more of their retirement savings into stocks, according to a MassMutual survey.
What we have learned is that the younger generations have a strong interest to use their USDs to improve the world as well as gain a financial return when it comes to investing, it a generation that is generously curious.
Millennials are so curious that many are dipping in into crypto-currencies.
Some 30% of those in the 18 – 34-age range would rather invest $1,000 in Bitcoin than $1,000 in government bonds or stocks according to the recent data.
Men reportedly have the most positive impression of Bitcoin and its future.
The study found that 43% of male millennials compared to 21% of millennial women could turn to Bitcoin as a replacement for traditional assets.
US President Donald Trump’s significant corporate tax reduction is at the core of renewed faith of youth in the markets, we believe this effectively reinvigorated the stock market leading to the rise in the S&P.
|NYSEArca:SPY||272.85||11 May 2018||0.83||272.16||273.15||271.58||59,871,500|
|HeffX-LTN Analysis for SPY:||Overall||Short||Intermediate||Long|
|Neutral (0.22)||Neutral (0.23)||Very Bullish (0.50)||Neutral (-0.06)|
Have a terrific weekend.
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