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Two-Thirds of Investors Say Oil Prices Not Influencing Their Market Outlook

This week’s Sentiment Survey special question asked AAII members if oil prices are affecting their outlook for the stock market. Nearly two-thirds of respondents (66%) say no, oil prices are not affecting their outlook. Many of these respondents add (without any prompting by us) that tariffs and the possibility of a trade war do, however, while a smaller number say oil prices would have to be higher to have an impact. Just under 18% of respondents say rising oil prices adversely affect the economy, particularly consumer spending. A small group of respondents say the rise in oil prices are helping their investments in energy stocks.

Here is a sampling of the responses:

  • “I’m not worried about oil prices. I am worried about the beginning of a trade war.”
  • “Little impact unless there is a large movement in prices.”
  • “More money to fill the gas tank means the consumer will have less money for other uses.”
  • “I own oil stocks and hope there is some appreciation in price going forward.”
  • “Oil prices are not of major concern in my outlook for the market.”

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