New York CNN —Retail investors are optimistic about the stock market again despite a backdrop of geopolitical and economic uncertainty.
CNN’s Fear & Greed Index, which measures seven barometers of market sentiment, closed at an “extreme greed” reading on Thursday.
Unsurprisingly, investors are largely bullish on artificial intelligence-related stocks over the next three months, according to the Schwab survey.
The job market has also stayed remarkably strong even as interest rates hover around a 23-year high, helping keep recession worries at bay.
About 48% of traders believe the US will likely avoid a recession this year, up from 23% last quarter, according to the Schwab survey.
Persons:
Charles Schwab, Schwab, ”, James Kostulias, stoking, Anna Bahney, —, Lawrence Yun, Read, Henri Nestlé, Wegovy, Hanna Ziady, Mark Schneider, ” Read
Organizations:
CNN Business, Bell, New York CNN, Retail, “, Dow Jones, Bureau of Labor Statistics, Federal, National Association of Realtors, NAR
Locations:
New York, United Kingdom, Japan, Washington, Swiss