Investors' Economic Optimism Dips: Survey
“Yet despite economic uncertainty amid the revised pace of rate cuts for the year, along with uncertainty around the 2024 election, investors remain optimistic about the market.”
Dynata conducted the online survey from April 1-17 among 875 U.S. self-directed investors, investors who fully delegate investment account management to financial professionals and investors who do both. Sixty percent were male, and 40% female. The panel was broken into three levels of investable assets: less than $500,000, between $500,000 and $1 million, and more than $1 million.
Q2 Opportunities
The survey explored investor views on second-quarter sector opportunities. Amid continued interest in chipmakers and artificial intelligence, technology remained the top choice this quarter, cited by 52% of respondents.
After the first three months of the year showed glimpses of recovery from 2023, 43% of investors saw opportunity in energy as oil prices rallied to multi-month highs.
The traditionally defensive health care sector secured the third spot, cited by 36% of investors — who perhaps used it as a hedge, Morgan Stanley said.
Other industries in which investors saw opportunities this quarter:
Real estate: 30%
Financials: 27%
Utilities: 24%
Communication services: 20%
Industrials: 20%
Consumer staples: 20%
Materials: 16%
Consumer discretionary: 12%
