Traders work on the New York Stock Exchange (NYSE) floor on February 20, 2025 in New York City.
Spencer Platt | Getty images
An expensive stock market did not prevent traders from became Bullisher, because investors are increasingly bet that the Bull Run could continue to puff, according to the new three -month customer survey by Charles Schwab.
The Bulls continue to surpass the bears among traders by 51% to 34%, said Schwab’s study, which interviewed 1,040 active traders last month. Young traders under the age of 40 showed a peak in optimism, with bullishness jump to 59%. That is compared to 47% in the fourth quarter. The positive sentiment even came when two -thirds of the traders believe that the market was overvalued, according to the survey.
“It is clear that the majority of traders believe that there is a foam in the market, but on balance they also have the feeling that there is even more room for the bulls,” said James Kostulias, head of trading services at Charles Schwab. “More than half of the traders are planning to relocate extra money in shares in the first quarter.”
Although bullishness indicates a positive views on the market, it can also be seen as an opposite indicator when there are signs of excess.
S&P 500
After a flowering period of two years in which the S&P 500 The momentum has climbed more than 50%lately and has recently been delayed with increasing concern about an economic delay and increased volatility of rapid policy changes in relation to the new administration. The Equity benchmark has only risen 1.3% compared to the year, while the tech-heavy Nasdaq Composite has fallen in negative territory for 2025.
In terms of sectors, traders are the most bullish about energy, technology, finances and utilities. These sectors are usually beneficiaries under the Trump administration due to potential deregulation.
The survey also discovered a significant decrease in the number of traders who believe that a recession will take place in the US – only one third of the respondents called it “somewhat likely” compared to 54% in the previous quarter.
The majority of traders also did not see her acceleration in inflation, in which two -thirds of them saw the price pressure stable.