Investor Confidence Surges, Traders Expect Stocks to Rise

Better Investing

What's Hot


The Most Sinful City in the U.S. Is … (Hint: It’s Not Vegas)Family

How a Mexican Tariff Will Boost the Cost of 6 Common PurchasesFamily

This Free Software Brings Old Laptops Back to LifeMore

How to Protect Yourself From the ‘Can You Hear Me?’ Phone ScamFamily

Report: Walmart to Begin Selling CarsCars

Is Your TV Tracking You? Here’s How to Tell — and Prevent ItAround The House

Trump Scraps FHA Rate Cut — What Does It Mean for You?Borrow

Where to Sell Your Stuff for Top DollarAround The House

11 Staging Tips to Help You Get Top Dollar When Selling Your HomeAround The House

8 Tuition-Free U.S. CollegesCollege

10 Overlooked Expenses That Ruin Your BudgetFamily

4 Car Insurers That Might Raise Rates Even When the Accident Wasn’t Your FaultCars

How to Invest If Trump Kills the ‘Fiduciary Rule’Grow

20 Simple Hacks to Make Your Stuff Last LongerAround The House

12 Surprising Ways to Wreck Your Credit ScoreBorrow

President-elect Donald Trump is influencing stock trades in some unexpected ways, a survey finds.

The potential unknowns of the impending presidential changeover have not dampened investor confidence — judging by a new survey, just the opposite.

E-Trade Financial’s latest Streetwise survey found that 65 percent of experienced investors feel bullish about the current market. That’s the highest level measured by the survey in two years and reflects an increase of 20 percentage points from one year ago.

Streetwise is a quarterly poll of experienced investors. For the latest edition, 904 self-directed active investors who manage at least $10,000 through online brokerages were queried.

The latest survey also found that 3 in 5 investors believe the market will rise this quarter, an increase of 26 percentage points from one year ago.

Mike Loewengart, vice president of investment strategy at E-Trade Financial, explains:

“While the market started 2016 on a down note, the year ended with a bang — closing at near record highs. With the initial uncertainties of the election, the Brexit vote, and a long anticipated Fed rate hike now in the rearview mirror, many investors see opportunities in 2017, despite the potential unknowns of what a Trump presidency may bring.”

Some investors are making moves that Loewengart says reflect shortsightedness and could hurt their portfolios in the long run.

He tells Business Insider that E-Trade’s survey also found that many investors, especially younger ones, admit to making stock trades based on tweets from President-elect Donald Trump:

  • Among survey respondents ages 25 to 34: 60 percent had traded off a Trump tweet.
  • Ages 35 to 54: 36 percent
  • Age 55 and older: 20 percent

Loewengart explains to Business Insider:

“Older investors have lived through many more market environments, and they are cognizant of the fact that what the president-elect says is much less meaningful in the longer term. The concept of long-term compounding of growth becomes crystallized for someone who’s experienced.”

Wondering where the economy is heading? Check out “What’s Ahead for Stocks, Housing and Oil Prices in 2017?

Have you made any stock trades based on Trump’s tweets? Let us know below or on Facebook.

Stacy Johnson

It's not the usual blah, blah, blah

I know... every site you visit wants you to subscribe to their newsletter. But our news and advice is actually worth reading! For 25 years, I've been making people richer without making their eyes glaze over. You'll be glad you did. I guarantee it!

💰🗣📰

Read Next: Secret Cell Plans: Savings Verizon, AT&T, T-Mobile and Sprint Don’t Want You to Know About

Check Out Our Hottest Deals!

We're always adding new deals and coupons that'll save you big bucks. See the deals to the right and hundreds more in our Deals section.

Click here to explore 1,848 more deals!