00:00 Speaker A

When you’re surveying all those fans over in Investopedia, how would you broadly characterize investor sentiment right now based on your survey work? I mean, is it, is it optimistic, Caleb, cautious, downbeat? What do you see?

00:13 Caleb

Yeah, cautiously optimistic is how I would describe it and why not? We are seen many all-time highs already so far this year. We do have the wind at our backs in terms of corporate profits and we’ve been seeing that play out in the earnings numbers, but they’re also concerned about the underlying economy. At what point does a potential weakness in the economy translate into weakness in the stock market? So far, they’re still dancing in opposite directions and that’s kind of they usually move in different directions or nearly not down the same path. But right now they’re wondering, is this going to last? and they’re worried, just like some of the people you talk to about their own personal finances or about their neighbor’s personal finances. In the stock market, their assets have done very well. We got more millionaires than ever. We got more 401k millionaires than ever. We have more retail investors invested in the stock market than ever. That’s good. That’s a way to generate wealth. But maybe at some point, the this uh diversion between the two, the economy and the stock market catches up to the stock market and affects overall mood.