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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