E-Trade Financial's new quarterly tracking study of experienced investors, released Friday, finds experienced investors divided over market direction, but generally in agreement on where opportunities lie.
The online survey was conducted in early April among 1,002 self-directed active U.S. investors who manage at least $10,000 in an online brokerage account. Two-thirds of the participants were men, and one-third women.
The E-Trade poll found that 37% of investors thought the market would stay where it was for the next three months, up six percentage points from last quarterly survey, while 34% expected a correction and 29% predicted that the market would continue to rise.
In addition, the gap in investor sentiment narrowed by seven percentage points in the current quarter to 59% bullish versus 41% bearish.
"After six years of a bull market and U.S. market indices at all-time highs, it's natural for investors to differ in their opinions on what will happen next," said George Fischer, senior vice president for trading, margin lending and cash management at E-Trade, said in a statement.