Advisor Confidence Index
A monthly benchmark of financial advisors' confidence in the economy and markets. A reading below 100 indicates pessimism, over 100 indicates optimism.
|Current state of the economy: -4.8%|
|Economy in six months: -5.3%|
|Economy in twelve months: -3.1%|
|Markets in six months: -2.5%|
The man and woman on the street is not doing nearly as well as the markets are.”
Emerging Markets should bounce back in 2014, and quantitative easing tapering will likely be moderate, with corporate earnings stable, for a reasonable but volatile year of market returns.”
The US Stock Market is an area of caution and concern for me. The last decline in the equity markets bottomed in 2009. Historically, US markets have experienced a major decline every 4 years. Cycle theory suggests that advances that extend beyond the norm are usually followed by more forceful declines.
View of the U.S. Economy: Next 6 Months - 5.3%
View of the U.S. Economy: Next 12 Months - 3.1%
U.S. Stock Market Outlook: Next 6 Months - 2.5%