Schwab's Aguilar: Risk aversion has increased dramatically

Bloomberg Markets and Finance | March 20, 2026 at 04:46 PM UTC
Bearish 90% Confidence
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Key Points

  • Investors are exhibiting loss aversion and increased risk aversion, not FOMO.
  • This sentiment is fueled by market volatility, gas prices, and inflation concerns.
  • Clients are opting to stay flat on positions, especially over weekends, as a cautious approach.

AI Summary

Schwab Asset Management CEO Omar Aguilar states that investors are currently driven by loss and risk aversion rather than the fear of missing out on gains. This sentiment is increasing dramatically due to market volatility, rising gas prices, and potential inflation, leading clients to adopt a cautious 'stay flat' approach.

Model Analysis Breakdown

Model Sentiment Confidence
Gemini 2.5 Flash Bearish 90%
Consensus Bearish 90%