AP NEWS
Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

E*TRADE Study Reveals Investors Turn Bearish as Negative Views on the Economy Increase Significantly

October 11, 2019 GMT
E*TRADE Study Reveals Investors Turn Bearish as Negative Views on the Economy Increase Significantly
E*TRADE Study Reveals Investors Turn Bearish as Negative Views on the Economy Increase Significantly

NEW YORK--(BUSINESS WIRE)--Oct 11, 2019--

E*TRADE Financial Corporation (NASDAQ: ETFC) today announced results from the most recent wave of StreetWise, the E*TRADE quarterly tracking study of experienced investors. Results indicate increasingly bearish investor views:

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191011005243/en/

(Graphic: Business Wire)

“Investors are battling a myriad of headwinds—between pockets of economic weakness, ongoing trade disputes, slowing global growth, a low interest rate environment, and, now, impeachment inquiries in Washington,” said Mike Loewengart, VP of Investment Strategy at E*TRADE Financial. “While these issues can cloud the outlook for investors, it’s times like these that a diversified portfolio can shine. Investors with holdings across fixed income and equities, various asset classes, and market caps can better weather periods of volatility.”

The survey explored investor views on sector opportunities for the fourth quarter of 2019:

E*TRADE aims to enhance the financial independence of traders and investors through a powerful digital offering and professional guidance. To learn more about E*TRADE’s trading and investing platforms and tools, visit etrade.com.

For useful trading and investing insights from E*TRADE, follow the company on Twitter, @ETRADE.

About the Survey

This wave of the survey was conducted from October 1 to October 10 of 2019 among an online US sample of 902 self-directed active investors who manage at least $10,000 in an online brokerage account. The survey has a margin of error of ±3.20 percent at the 95 percent confidence level. It was fielded and administered by Dynata. The panel is broken into thirds of active (trade more than once a week), swing (trade less than once a week but more than once a month), and passive (trade less than once a month). The panel is 60% male and 40% female, with an even distribution across online brokerages, geographic regions, and age bands.

About E*TRADE Financial and Important Notices

E*TRADE Financial and its subsidiaries provide financial services including brokerage and banking products and services to retail customers. Securities products and services are offered by E*TRADE Securities LLC (Member FINRA/SIPC). Commodity futures and options on futures products and services are offered by E*TRADE Futures LLC (Member NFA). Managed Account Solutions are offered through E*TRADE Capital Management, LLC, a Registered Investment Adviser. Bank products and services are offered by E*TRADE Bank, and RIA custody solutions are offered by E*TRADE Savings Bank, both of which are national federal savings banks (Members FDIC). More information is available at www.etrade.com.

The information provided herein is for general informational purposes only and should not be considered investment advice. Past performance does not guarantee future results.

E*TRADE Financial, E*TRADE, and the E*TRADE logo are trademarks or registered trademarks of E*TRADE Financial Corporation. ETFC-G

© 2019 E*TRADE Financial Corporation. All rights reserved.

E*TRADE Financial Corporation engages Dynata to program, field, and tabulate the study. Dynata provides digital research data and has locations in the Americas, Europe, the Middle East and Asia-Pacific. For more information, please go to www.dynata.com.

Referenced Data

When it comes to the current market, are you?

 

Total

 

Q4’19

Q3’19

Q2’19

Q1’19

Bullish

50%

61%

58%

46%

Bearish

50%

39%

42%

54%

Which of the following risks are you most concerned about when it comes to your portfolio? (Top 2)

 

Total

 

Q4’19

Q3’19

US trade tensions

47%

49%

Recession

34%

28%

Gridlock in Washington

24%

24%

Market volatility

22%

22%

Economic weakness abroad

20%

19%

Fed monetary policy

16%

19%

Flattening/inverted yield curve

11%

11%

Brexit

8%

8%

Other

5%

5%

Softening job market

4%

6%

Low inflation

3%

3%

None of these

3%

3%

What stage of the business cycle do you believe we are currently in?

 

Total

 

Q4’19

Q1’19

Expansion

19%

24%

Peak

52%

36%

Recession

24%

27%

Trough

4%

8%

Recovery

1%

5%

 

What grade would you give the current state of the US economy right now?

 

Total

 

Q4’19

Q3’19

Top 2 Box

58%

69%

A

16%

21%

B

42%

48%

C

32%

23%

D

8%

5%

F

2%

3%

What industries do you think offer the most potential this quarter?(Top three)

 

Q4’19

Q3’19

Q2’19

Q1’19

Q4’18

Information technology

47%

47%

44%

38%

49%

Health care

43%

48%

48%

50%

44%

Energy

41%

41%

48%

40%

42%

Utilities

32%

26%

27%

29%

23%

Financials

31%

35%

34%

36%

40%

Consumer staples

30%

25%

22%

30%

21%

Communication services

21%

23%

22%

23%

21%

Consumer discretionary

19%

18%

15%

17%

22%

Industrials

18%

21%

22%

20%

21%

Materials

17%

16%

19%

16%

17%

 

View source version on businesswire.com:https://www.businesswire.com/news/home/20191011005243/en/

CONTACT: E*TRADE Media Relations

646-521-4418

mediainq@etrade.com E*TRADE Investor Relations

646-521-4406

IR@etrade.com

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: BANKING PROFESSIONAL SERVICES FINANCE

SOURCE: E*TRADE Financial Corporation

Copyright Business Wire 2019.

PUB: 10/11/2019 08:05 AM/DISC: 10/11/2019 08:05 AM

http://www.businesswire.com/news/home/20191011005243/en