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- Investors are more bullish now than at any time during the pandemic, according to an Investopedia survey of its readers.
- 45% of survey respondents said they are bullish on US stocks versus just 17% who were bearish.
- A BofA survey of fund managers backs up Investopedia's claims about market participant bullishness.
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Investors are more bullish now than at any time during the pandemic, according to a survey from Investopedia.
Investopedia has been surveying their daily newsletter readers since the pandemic was officially declared on March 11, 2020. Lately, they've been growing more bullish.
In March, 45% of survey respondents said they were bullish while just 17% said they were bearish. That's a higher percentage of bullish investors than at any time during the pandemic.
Survey respondents aren't planning on playing it safe with their money over the coming year either. Just 22% said they are planning to move to safer assets in their portfolios this year, compared to 41% in April of 2020.
Additionally, investors in the survey said they plan on investing more over the next year. 41% of respondents said they will be investing more this year than last year compared to only 16% in the same period a year ago.
When asked what the greatest risk to the stock market would be over the next year, respondents said political uncertainty and rising inflation were their top concerns.
And when asked what asset classes were in a "bubble" right now, only 9% argued there are currently no market bubbles, while over 60% of respondents said they believe bitcoin is a "bubble" and 38% said they believe SPACs are a "bubble".
Despite the fear of market bubbles, 49% of investors said they expect to see returns of 5% or greater in 2021.
Bank of America's survey of global fund managers published last month backs up most of the bullishness seen in Investopedia's survey.
According to that survey, 53% of fund managers believe US stocks are in a late-stage bull market and 27% think we're an early-stage bull market. Plus, only 13% of fund managers believe US stocks are in a bubble.
Finally, 61% of fund managers reported they're net overweight global equities in Bank of America's survey, that's the second-highest level since February 2011, per Yahoo Finance.