Advisor Confidence Index monthly benchmark of financial advisors’ confidence in the economy and markets exclusively sponsored by FirstClearing. A reading below 100 indicates pessimism, over 100 indicates optimism.

Advisor Confidence Drops in July


Key Stats:
Current state of the economy: -2%
Economy in six months: -3.5%
Economy in twelve months: -3.2%
Markets in six months: -2.6%


I anticipate any slow down in the markets to be temporary as we continue to see positive directions in the underlying economic data.”
– Kevin S. Gallagher, Hendershot Financial Group


I think the market's strength is being underestimated and companies balance sheets are in good order. Over time, we will not have a gangbuster recovery but a slow one.”
– Michael F. Fleming, Halliday Financial


We've hit all time highs going into an earnings season that follows poor GDP growth, the Fed winding down QE and warning about risk, and a large portion of the stock market run up due to buybacks...what could go wrong?”
– Mark Stys, WS Wealth Management


I believe that the inflation statistics published by the government statistical mills, all of which have been manipulated and deformed over the years, have understated the rate of inflation and the first quarter GDP number was actually much worse than the published number. This will ultimately lead to a recession and a much poorer performing US Stock Market.” 
– Edward Wilson, Stratos Wealth Partners


Current View of U.S. Economy

Advisor confidence in the current state of the economy dropped 2 percent.

View of the U.S. Economy: Next 6 Months

Financial advisors’ optimism in the near-term future of the economy also dropped significantly in July, down 3.5 percent from June.

View of the U.S. Economy: Next 12 Months

Advisors view of the future of the U.S. economy dropped 3.2 percent over last month.

U.S. Stock Market Outlook: Next 6 Months

Financial advisors may have capitulated to markets, as their confidence in the near-term future of the stock market rose significantly, up 4.3 percent from May.


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