Schwab: Investors remain bullish, yet cautious
Key takeaways
- Why it matters: Investors remain bullish amid an AI-fueled rally that has lifted the S&P 500 and Nasdaq indexes to new highs, even as they may be seeking to limit their risk.
- A separate attitudinal survey conducted by Schwab showed that 36% of clients are preferring ETFs over individual stocks.
- Three of the 10 most bought individual names in May were ETFs.
Schwab: Investors remain bullish, yet cautious Jeffrey Cane Mon, June 8, 2026 at 6:31 PM GMT+7 1 min read SCHW ^GSPC Illustration: Aïda Amer/Axios Stocks rallied like gangbusters in May, so it s perhaps not surprising that retail investors were net buyers of stocks for the month, new data from Charles Schwab shared exclusively with Axios shows. Yet investors also showed some caginess.
Why it matters: Investors remain bullish amid an AI-fueled rally that has lifted the S&P 500 and Nasdaq indexes to new highs, even as they may be seeking to limit their risk.
What they re saying: Many investors rotated out of individual stocks into diversified exchange-traded funds, which "suggests a degree of caution remained," says Joe Mazzola, head trading and derivatives strategist at Charles Schwab.