moomoo survey reveals US investors more profitable in H1 2023

Online trading platform moomoo has unveiled the results of its second quarter investor survey for U.S. moomoo users, shedding light on trading behaviors, profitability, and market sentiment.

moomoo, the intuitive investment and trading platform renowned for providing investors with pro-grade tools, user-friendly features, and insightful data, has released its Q2 investor survey results for U.S. moomoo users.

The survey, conducted in mid-July 2023, underscores that moomoo users have exhibited increased trading activity during the first half of 2023. A noteworthy proportion of participants reported being profitable this year compared to 2022.

36% of moomoo users made gains in 2023 vs only 15% in 2022

Interestingly, a remarkable 36% of surveyed users indicated making gains in 2023, contrasting starkly with only 15% in 2022. This surge in profitability aligns with the remarkable rally observed in the U.S. stock market, a stark departure from the 19.4% decline suffered by the S&P 500 in 2022 – its most substantial drop since 2008.

Despite these positive trading outcomes, the survey highlights that investor confidence has not seen a corresponding rise. In particular, concerns about economic factors such as Fed rate hikes, the potential for a recession, financial sector instability, and inflation persist as the top apprehensions among moomoo investors.

The investor sentiment regarding the safety of banks and the principles of environmental, social, and governance (ESG) investing appears to be divided. Notably, the survey points out that individuals under the age of 25 are more inclined (64%) to consider ESG factors when making investment decisions compared to other surveyed moomoo users.

Bullish outlook increased from 21% to 39% of users during 2023

The survey indicates a mixture of investor views on the market’s trajectory and the possibility of a recession. However, there has been a noticeable shift in optimism, with 39% of users expressing a bullish outlook, marking a substantial increase from the 21% recorded at the beginning of the year. The change in sentiment is attributed to factors such as lower-than-expected inflation, robust corporate earnings, and positive economic growth.

Justin Zacks, Vice President of Strategy at Moomoo Technologies Inc., said: “We are so glad to learn that the stock market rally has boosted users’ confidence overall. Many are cautiously optimistic about markets for the rest of the year, but inflation and recession continue to worry them, and we will watch closely for the rest of this year.”

The Q2 moomoo Users survey was conducted from July 17 to 21, 2023, and involved 140 registered moomoo app users. The opinions expressed in the survey are subject to change based on market dynamics and other influencing factors.

moomoo provides access to advanced charting tools, technical analytics, and Level 2 Data. It offers free access to investment courses, educational materials, and interactive events to cater to investors of all experience levels. The platform operates under Moomoo Technologies Inc. and is used globally in countries including the U.S., Singapore, Australia, Japan, Malaysia, and Canada.