Retail investors are sitting on big losses in their stock portfolios even as the market rallies in 2023
Retail investors are sitting on losses in 2023 despite a surprising rally in stocks, with the average individual investor's portfolio down about 27% year-to-date, according to VandaTrack Research.
In 2023, stocks have been surprisingly resilient despite a string of bank failures and more central bank tightening that's sparked heightened talk of a recession. The Nasdaq has jumped 16% year-to-date, while the S&P 500 surged 7.8%. "As equities currently sit at similar bear-market-rally peaks, we suspect that retail investors will remain hesitant to raise their risk exposure as they got burned multiple times last year," VandaTrack analysts wrote in a Thursday note."In addition, growing recession risks could become a stronger headwind holding retail animal spirits at bay."
"This prolonged bear market – particularly in tech - along with recent growing fears of a recession are undoubtedly weighing on sentiment," the note reads."Additionally, in the short term, the fact that bank and financial stocks have not been able to recover significantly despite increased buying from individual investors is making some people question whether buying the dip was a good idea.
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