More traders turn bullish in first quarter even as market shows signs of fatigue, Schwab survey says

The latest quarterly client survey from Charles Schwab revealed that despite an expensive stock market, traders remain bullish, with 51% being bulls compared to 34% bears, especially among young traders under 40 where bullishness jumped to 59%. Even though two-thirds of traders believe the market is overvalued, more than half plan to invest additional money into stocks in the first quarter, indicating a positive sentiment towards the market’s potential for growth. James Kostulias, head of trading services at Charles Schwab, noted that while traders acknowledge some froth in the market, they still see room for the bulls to continue running.

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