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Market Return for First Half of Year Better Than Most Investors Expected

This week’s Sentiment Survey special question asked AAII members how the stock market’s performance during the first half of this year compares to what their expectations were in January. Seven out of 10 respondents (70%) said the returns were better than they expected. Slightly more than 16% said the first half’s returns matched their expectations.

Here is a sampling of the responses:

  • “Better. Expected tax cuts and stimulus by now to drive the market, but the market held up anyway.”
  • “Much better than my expectations. I am still afraid that the market will fall significantly from here.”
  • “No great surprises.”
  • “Way above my expectations.”
  • “I expected the market to go down; it did not.”

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