Highlighting renewed confidence in the markets, roughly three-quarters (77 percent) of those expecting a tax refund this year plan on investing at least some of it. In fact, more than half of respondents (53 percent) say they will invest most of their refund into the stock market, nearly doubling from 28 percent last year.
Other key findings of the survey include:
- Traders are most bullish on the technology (37 percent) and energy (31 percent) sectors. Only nine percent favor financials and even fewer are optimistic about healthcare, minerals and consumer discretionary stocks.
- Most respondents view
Mitt Romneyas the most market-friendly presidential candidate (56 percent), followed by President Obama(25 percent), Newt Gingrich(8 percent), Ron Paul(7 percent) and Rick Santorum(4 percent).
- When asked what issues concern them most, respondents said the European debt crisis (29 percent), followed closely by unemployment (23 percent) and the depressed housing market (20 percent). Fewer than one in ten (8 percent) identified energy prices as a top concern.
“With major indices nearing record highs, our active trader client base is becoming increasingly optimistic,” said
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Diversification strategies do not assure a profit and do not protect against losses in declining markets.
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