Independent investors have a bullish outlook about the near-term market, according to a new quarterly client survey.
The survey by Ally Invest, based in Midvale and part of Ally Financial Inc., indicates that 55 percent of survey respondents are bullish or very bullish on the near-term market. The top three factors for that sentiment are a favorable U.S. business climate, including corporate earnings; continued low interest rates and accelerating growth, according to the survey.
Nearly 49 percent said they have a bullish outlook and nearly 6 percent are very bullish. Less than 12 percent reporting a bearish or very bearish view. But investors said they are keeping a close watch on potential market concerns, including international unrest (54 percent), slowing year-over-year growth (32 percent) and the potential for higher interest rates (28 percent).