Traders, some in medical masks, work on the floor of the New York Stock Exchange on March 20, 2020. Trading on the floor temporarily became fully electronic March 23 to protect employees from spreading the coronavirus.
Spencer Platt | Getty Images
The ability to have a more opportunistic view is what separates wealthy investors from much of the investing public, but right now, it is separating them just a little less.
Mike Loewengart, chief investment officer at E-Trade Financial‘s capital management unit, said its quarterly survey of investors shows the millionaire set and broader investor population converging in the view that the big market rebound off the March lows is not a sure thing to last.
Fifty-seven percent of investors with at least $1 million in a brokerage account expect the market to end this quarter lower, according to a quarterly E-Trade survey which was conducted April 1 to April 8 and included a sample of over 900 self-directed active investors — the millionaire…