
A greater majority of individual investors expressed optimism regarding the short-term prospects for equities markets during the most recent weekly survey. After falling to a low of 28.0% at the beginning of September, this percentage has dramatically increased to 42.9%, which is an improvement from the figure of 41.7% that was recorded the previous week.
The percentage of investors who expressed a pessimistic outlook for the outlook for the stock market over the next six months remained same at 39.2%. This indicates that there was no change in the opinion of investors. However, throughout this time period, the percentage of those who have taken a neutral attitude toward the current state of the market has decreased to 17.9%. This is a decline from 19.1% just the week before, as well as a peak of over 30% that was observed at the beginning of June. In addition, this represents a decrease from 18.
Increasing bullishness can be an indication of a depletion of buying power, which originates from the idea that the majority of purchases have already taken place. This leads to a reduction in the amount of cash reserves standing on the sidelines that are accessible for market investment. The sentiment of investors on Main Street is one of the things that is considered to be the most common contrarian indicator. According to a significant investigation that was carried out this week, more than fifty-six percent of respondents stated that they do not own gold or other precious metals, either directly or through an exchange-traded fund. This was the conclusion reached by the respondents.
There were approximately sixteen percent of respondents who stated that they owned both mining firms and precious metals. On the other hand, seventeen point seven percent of respondents stated that they owned precious metals. A little less than two percent of those who participated in the survey indicated that they were considering include gold in their portfolios, while nearly eight percent disclosed that they were simply the owners of mining firms that did not contain any metals.