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Investor Confidence Improves

A national research survey undertaken by Franklin Templeton indicates that investor sentiment is at its most positive level since the market meltdown of 2008. “It’s the biggest change in investor sentiment in three years,” said Don Reed, president and chief executive officer, Franklin Templeton.  However, despite the rise in positive sentiment, investors remain divided in their outlook, with 42% in the two most risk-averse categories, describing themselves as “suspicious” (27%) or “timid” (15%). The number of investors saying they were “not sure” has dropped from 30% in June 2011 to 17% today, suggesting that sentiment is firming up.  Mr. Reed said there will be a tug of war between the bulls and the bears in 2012 and that “it’s a perfect time for investors to get off the sidelines and re-enter the equity markets.”

The survey found a large gap between men and women when it comes to investor sentiment: 50% of men describe themselves as opportunistic, risk-taking and analytical, up from 37% in June last year. In contrast, 32% of female investors identify with these optimistic attributes, up from 24% in 2011.  The study reported that consumers are taking action about the state of their personal finances. Over the next year, almost 31% intend to focus on reducing debt and spending less, while 22% plan to save or invest more, and 23% intend to take all of these actions.

 

The TSX closed at 12389, down -188 points or -1.49% over the past week. YTD the TSX is up 3.63%.

The DOW closed at 12801, down -61 points or -0.47% over the past week.YTD the DOW is up 4.77%.

The S&P closed at 1343, down -2 points or -0.15% over the past week.YTD the S&P is up 6.76%.

The Nasdaq closed at 2904, down -2 points or -0.07% over the past week.YTD the Nasdaq is up 11.48%.

Gold closed at 1717, down -11.00 points or -0.64% over the past week.YTD gold is up 9.71%.

Oil closed at 98.99, up 1.25 points or 1.28% over the past week.YTD oil is up 0.09%.

The CAD/USD closed at 0.9975, down -0.0091 points or -0.90% over the past week.YTD the CAD/USD is up 1.81%.

 

 

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Sources: Bloomberg; Franklin Templeton; Executive Investment