This week’s Sentiment Survey special question asked AAII members how oil prices are impacting their outlook for the overall stock market. Slightly over half of all respondents (53%) say oil prices are not influencing their outlook. Approximately 15% of respondents think the decline in prices is bad for stocks, with an additional 3% saying the low prices are specifically bad for energy stocks. Conversely, 14% of respondents view low oil prices as being good for stocks and the economy.
Here is a sampling of the responses:
- “Oil prices are not affecting my market outlook, except for the petroleum sector.”
- “Oil prices will have little impact, being too small of a factor compared to other market forces.”
- “Rule of thumb is down oil, down market. Less oil consumption translates to lower economic activity.”
- “Lower prices are a symptom of a slowing global economy.”
- “Lower oil prices mean more money for consumers.”
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