This week’s AAII Sentiment Survey special question asked AAII members how big of an impact news and data about Europe, including Great Britain, is having on their outlook for the U.S. stock market. Nearly three out of five respondents (58%) said it was either not affecting their outlook or only having a small impact. Many of these individual investors added that domestic events (including the Federal Reserve, the economy and the November elections) are having a bigger impact on their U.S. market outlook. Slightly more than 19% said that events in Europe are having some impact. Just under 12% said Europe is or could have a significant impact due to Great Britain’s referendum on the European Union membership (“Brexit”) and/or its economy’s influence on U.S. multinational corporate profits.
Here is a sampling of the responses:
- “No impact from Europe and Great Britain. I feel that the U.S. political arena is the significant factor.”
- “None. What the Fed does and whether the U.S. economy can break out of continuing weakness are dominating my decisions.”
- “Not much. I don’t think Great Britain will withdraw from the European Union.”
- “I think the Brexit and general European outlook will affect the U.S. market somewhat, but not critically.”
- “Small impact, but I am watching closely.”
Want to weigh in? Take the survey yourself and see results online at http://www.aaii.com/sentimentsurvey.
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