Moomoo Users More Profitable and Confident on the Market in 2023, Stay Bullish for 2024
Amid a 2023 rally in the U.S. stock market, 40% of surveyed users report that they have made money compared to only 15% in 2022, a year when the S&P 500 lost 19.4%--its worst decline since 2008. The majority of users believe in a 2024 bull market and have been adding money to their trading accounts in 2023.
- Looking forward to 2024, users are more bullish on average and more expect the economy to avert a recession than they did in the last two surveys.
- The majority of users believe in a 2024 bull market and have been adding money to their trading accounts in 2023.
- For the 2024 market outlook, 45% of surveyed users are bullish compared to 39% at midyear and only 21% at the beginning of the year.
- 26% of moomoo surveyed users don't expect a recession anytime soon compared to 18% of users at midyear.