Moomoo Users Midyear 2024 Investor Survey

Better-than expected first-quarter earnings, solid economic and employment data and expectations for improved corporate efficiencies largely driven by generative AI helped push markets near all-time highs at the end of the first half of 2024.

The S&P 500 is up almost 33% as of June 28, 2024 since its recent bottom in October 2023, while the Nasdaq 100 index is up almost 40% led mostly by gains in Artificial Intelligence (AI) stocks as of June 28.

Moomoo surveyed its users halfway through the year to find out how their investing journey has progressed so far this year and what their expectations for the second half will be.

Three key takeaways from surveyed users:

1. Investors are generally trading more and are more profitable than at this time last year, but inflation and confidence are concerns.

2. With US markets near all-time highs, investors have adopted a more neutral tone on markets, the possibility of recession and AI valuations.

3. Investors are expecting more volatile markets as the election looms, but still expect tech shares to outperform in the second half.

Please click here to download the report.