collected by :Molly Tony
Right now, both the rich and middle class are unsure on where the market is headed next. About 41% of respondents think the stock market will get better while only 32% believe it will get worse. Drill down by income demographic, and the general cluelessness on the market's next move is even more apparent. Roughly 24% of those surveyed think the market can get "a lot better" while 22% expect it to be "a lot worse." Middle income respondents, on balance, had a positive outlook as 44% anticipate the market to be better while 30% think it will get worse.
Right now, both the rich and middle class are unsure on where the market is headed next. About 41% of respondents think the stock market will get better while only 32% believe it will get worse. Drill down by income demographic, and the general cluelessness on the market's next move is even more apparent. Roughly 24% of those surveyed think the market can get "a lot better" while 22% expect it to be "a lot worse." Middle income respondents, on balance, had a positive outlook as 44% anticipate the market to be better while 30% think it will get worse.
3 Things to Watch in the Stock Market This Week
Stocks logged solid gains last week, with positive earnings results helping lift both the S&P 500 (SNPINDEX:^GSPC) and the Dow Jones Industrial Average (DJINDICES:^DJI) by about 2%. Home Depot's customer trafficHome Depot enjoyed a banner 2017 fiscal year as accelerating sales growth pushed annual revenue above $100 billion for the first time. But the retailer also executed well by winning market share from rivals like Lowe's while pushing its profitability to new highs. Walmart disappointed investors at its last quarterly outing by revealing a slowdown in its e-commerce segment during the holiday season. Walmart is still expecting e-commerce revenue to rise 40% this year with help from resource investment at a level that few companies on the planet could hope to support.Here Comes a Fresh Stock Market Rally
As it stated in With an impressive first quarter earnings season just about done, investors appear to have liked what they saw after initially being unimpressed. The action points to sustained momentum in the week ahead following the major indices gaining a bullish bias last week. That investor base also includes the big-thinking Musk, who recently invested a fresh $10 million in the company via stock purchases. It's Blockchain WeekExperts in cryptocurrency and blockchain technology will descend upon New York this week as the greatest minds in finance meet with next-generation startups for Blockchain Week. In the first quarter, the blended earnings growth rate is 24.9%.MARKET SNAPSHOT: Stock Market Advances As Energy, Financials Surge
A rally in oil prices (http://www.marketwatch.com/story/oil-rebounds-back-above-70-a-barrel-as-supply-optimism-overshadows-iran-deal-2018-05-09) helped lift U.S.-listed energy companies. Also affecting oil markets were data from the Energy Information Administration, which showed that crude-oil stockpiles fell more than expected in the latest week (http://www.marketwatch.com/story/eia-reports-a-fall-in-us-crude-supplies-for-the-first-time-in-3-weeks-2018-05-09). Read:Why oil prices didn't rally Tuesday after Trump announced 'powerful' Iran sanctions (http://www.marketwatch.com/story/why-oil-prices-didnt-rally-after-trump-announced-powerful-iran-sanctions-2018-05-08)What are strategists saying? "At least for now, investors are not anticipating a big fallout from the Iran sanctions. Asian markets closed mixed (http://www.marketwatch.com/story/asia-pacific-stocks-hold-the-line-after-trump-pulls-out-of-iran-deal-2018-05-08), while European stock (http://www.marketwatch.com/story/european-equities-rally-boosted-by-gains-for-oil-stocks-2018-05-09) finished at a more-than-three-month high, aided by gains in energy stocks.
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