Schwab Retail Client Sentiment Continues to Lean Bearish, Political Climate Top Concern
July 29 2019 - 11:55AM
Business Wire
Charles Schwab today released its Q2 2019 Retail Client
Sentiment Report. Key highlights include:
- Client outlook for the U.S. stock market remains slightly
bearish, but the proportion of clients who think they are “better
off financially” and it’s a “good time to invest” has increased
since December 2018.
- The U.S. political landscape is overwhelmingly the leading
concern about investing among clients. Additionally, a third of
clients believe the next economic downturn will occur in the next
year.
- Confidence among clients overall remains steady but has
declined slightly among younger and mid-life clients.
“Following the extreme volatility we saw at the end of 2018, our
retail clients became slightly bearish in their outlook for the
U.S. stock market, and we’re seeing that sentiment hold through the
first half of 2019,” said Charles Schwab senior vice president and
branch network leader Joe Vietri. “They have their eyes on
Washington and express some concern about an economic downturn, but
despite those factors, overall investor confidence is stable.”
The full report is available here.
About Charles Schwab
At Charles Schwab, we believe in the power of investing to help
individuals create a better tomorrow. We have a history of
challenging the status quo in our industry, innovating in ways that
benefit investors and the advisors and employers who serve them,
and championing our clients’ goals with passion and integrity.
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Disclosures
Findings based on an online internal survey of 1,000 retail
clients with at least $2,000 in statement equity conducted June
3-13, 2019.
Through its operating subsidiaries, the company provides a full
range of wealth management, securities brokerage, banking, asset
management, custody, and financial advisory services to individual
investors and independent investment advisors. Its broker-dealer
subsidiary, Charles Schwab & Co., Inc. (member SIPC,
www.sipc.org), and affiliates offer a complete range of investment
services and products including an extensive selection of mutual
funds; financial planning and investment advice; retirement plan
and equity compensation plan services; referrals to independent
fee-based investment advisors; and custodial, operational and
trading support for independent, fee-based investment advisors
through Schwab Advisor Services. Its banking subsidiary, Charles
Schwab Bank (member FDIC and an Equal Housing Lender), provides
banking and lending services and products. More information is
available at www.schwab.com and www.aboutschwab.com.
Investment Products: Not FDIC Insured • No Bank Guarantee •
May Lose Value.
(0719-9R7K)
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Hibah Shariff Charles Schwab 415-667-0507
Hibah.shariff@schwab.com
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