Sentiment among traders is on the upswing, according to the Charles Schwab Trader Sentiment Report. Joe Mazzola discusses this report as it notes that there is a 12-point increase in bullishness in 3Q. Traders remain confident in their abilities to reach financial goals. 63% are confident in their investment decision-making. 69% of traders see a recession as likely, but most expect it to last less than a year. 80% predict that inflation will rise, remain historically high, or stay at current levels. A.I. is also a significant area of interest with 51% of traders being bullish on A.I. stocks at a category level. Tune in to find out more about the stock market today.
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