Morgan Stanley Wealth Management Pulse Survey Reveals Significant Increase in Bullish Investor Sentiment
18 Januar 2024 - 4:00PM
Business Wire
More are confident that the Fed will execute
a ‘soft landing’
Morgan Stanley Wealth Management today announced results from
its quarterly individual investor pulse survey:
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the full release here:
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(Graphic: Morgan Stanley Wealth
Management)
- With beliefs in future rate cuts growing, bullishness
increased. Over half of investors (60%) are bullish this
quarter—up 9 percentage points from Q4 2023.
- Optimistic views of the economy ticked up. Three in five
investors (60%) believe the Fed can execute a ‘soft landing’—up 7
percentage points since last quarter. Further, over half think the
economy is healthy enough for a rate cut (58%).
- Investors remain engaged with the market. Over two in
five investors (42%) said they do not plan to make any changes to
their portfolios for the next 6 months, followed by 26% noting they
will change allocations, and 18% plan to move out of cash and in to
new positions.
- Yet, inflation continues to be a top concern. Nearly
half (49%) said inflation is the top concern for their portfolio,
followed by this year’s presidential election (26%), and a
recession (24%).
“With the Fed broadcasting interest rate cuts in 2024, it’s not
surprising to see traders reengaging with the market,” said Chris
Larkin, Managing Director, Head of Trading and Investing, E*TRADE
from Morgan Stanley. “That said, as we kick off the year with
relatively muted stock performance, investors may need to be
patient with when these cuts will actually take place. Economic
metrics continue to be strong, so there may not be a huge rush from
the Fed.”
The survey explored investor views on sector opportunities for
the first quarter of 2024:
- IT – Technology moved back into the top spot for where
investors see opportunity this quarter. This perennial favorite saw
increased interest—up 7 percentage points from last quarter to 53%—
as rate cuts could further strengthen the sector.
- Energy – Interest in energy slipped but remained high
with 45% of investors eyeing opportunities in the sector, as it
underperformed in 2023.
- Health care – Investor interest remains steady in this
historically defensive sector, at 38%.
About the Survey This wave of the survey was
conducted from January 3 to January 17 of 2024 among an online US
sample of 903 self-directed investors, investors who fully delegate
investment account management to financial professionals, and
investors who utilize both. 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
investable assets: less than $500k, between $500k to $1 million,
and over $1 million. The panel is 60% male and 40% female and
self-select as having moderate+ investing experience, with an even
distribution across geographic regions, and age bands.
About Morgan Stanley Wealth Management Morgan
Stanley Wealth Management, a global leader, provides access to a
wide range of products and services to individuals, businesses and
institutions, including brokerage and investment advisory services,
financial and wealth planning, cash management and lending products
and services, annuities and insurance, retirement and trust
services.
About Morgan Stanley Morgan Stanley (NYSE: MS) is a
leading global financial services firm providing a wide range of
investment banking, securities, wealth management and investment
management services. With offices in 42 countries, the Firm’s
employees serve clients worldwide including corporations,
governments, institutions and individuals. For further information
about Morgan Stanley, please visit www.morganstanley.com.
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not a solicitation of any offer to buy or sell any security or
other financial instrument, or to participate in any trading
strategy. This material does not provide individually tailored
investment advice. It has been prepared without regard to the
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Past performance is not a guarantee or indicative of future
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This material contains forward-looking statements and there can
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investment. Morgan Stanley Wealth Management is the trade name of
Morgan Stanley Smith Barney LLC, a registered broker-dealer in the
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SIPC.
Referenced Data
When it comes to the current market are
you?
Q4’23
Q1’24
Total
Total
Bullish
51%
60%
Bearish
49%
40%
Please rate how much you agree or
disagree with the following statements: The Fed will be able to
steer the economy into a "soft landing."
Q4’23
Q1’24
Total
Total
Top 2
53%
60%
Strongly agree
19%
17%
Somewhat agree
34%
43%
Neither agree nor disagree
24%
25%
Somewhat disagree
14%
12%
Strongly disagree
9%
3%
Please rate how much you agree or
disagree with the following statements: The U.S. economy is healthy
enough for the Fed to cut rates this quarter.
Q1’24
Total
Top 2
58%
Strongly agree
18%
Somewhat agree
40%
Neither agree nor disagree
22%
Somewhat disagree
15%
Strongly disagree
5%
When it comes to your portfolio for the
next six months are you considering any of the following
strategies?
Q1’24
Total
Make no changes to my portfolio
42%
Change the allocations in my portfolio
26%
Move out of cash and in to new
positions
18%
Move out of current positions and in to
cash
14%
Which of the following are you most
concerned about when it comes to your portfolio? (Top 2)
Q1’24
Total
Inflation
49%
2024 election
26%
A recession
24%
Market volatility
22%
Geopolitical conflict
18%
Earnings
16%
Fed monetary policy
14%
Energy costs
13%
Narrow market driven by mega-caps
4%
None
1%
What industries do you think offer the
most potential this quarter? (Top three)
Q4’23
Q1’24
Total
Total
Information technology
46%
53%
Energy
47%
45%
Health care
36%
38%
Real estate
28%
29%
Financials
29%
28%
Utilities
24%
25%
Communication services
20%
20%
Industrials
19%
19%
Consumer staples
23%
18%
Materials
17%
14%
Consumer discretionary
11%
11%
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240118687834/en/
Media Relations: Lynn Cocchiola,
Lynn.Cocchiola@morganstanley.com
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