Change in Oil Prices Has Minor Impact on Investor Attitudes


This week’s Sentiment Survey special question asked AAII members how the rebound in oil prices has impacted their six-month outlook for stock prices. About 12% of respondents said that the rebound affected their outlook negatively. Approximately 27% said that the increase in oil prices affected their outlook favorably. The majority of respondents, 61%, felt that the change in the price of oil has not altered their outlook.

Here is a sampling of the responses:

  • “The oil market improvement has not really affected my outlook. The present international situation, the Federal Reserve intervention and slow growth of the economy have the most impact on my outlook.”
  • “No, I’m more focused on corporate earnings and GDP growth.”
  • “Very little. I think the underlying competitive struggle between U.S. and Middle East (particularly Saudi Arabia) will leave the price movement neutral on average over the period.”
  • “Modest increases in oil prices should have a positive impact on stock prices.”
  • “Bullish impact because the partial rebound in oil prices will partially reverse the dramatic downturn in the energy sector caused by the oil price collapse.”
  • “Negative impact on market due to fewer investment dollars.”

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