Moomoo Users More Profitable and Confident on the Market in 2023, Stay Bullish for 2024

Moomoo surveyed its users at the end of 2023 to find out how their investing journey has progressed compared to midway through the year and the beginning of the year. 

Lower than expected inflation and unemployment data along with better-than- expected economic output led to gains for the overall US stock market in 2023. Many of our investors feel bullish and more willing to trade and add funds to their accounts.

Investors are generally upbeat on the outlook for 2024 and are buying into the soft- landing scenario despite a lack of clarity on what the Fed may do next.

The survey aimed to gain better understanding of the current landscape by answering three key questions.

Three key takeaways from surveyed users:

1. Surveyed users reported that they are more profitable and confident on average than six months ago and are trading more than a year ago. Most have added money to their trading accounts in 2023.

2. Surveyed users see traditional banks as safer on average than six months ago. Many are new to moomoo but also have other brokerage accounts.

3. Surveyed users are more bullish on average and more expect the economy to avert a recession than did in the last two surveys.