Financial advisor sentiment around the economy and stock market saw a decline in April. A survey revealed that the health of the economy dropped nine points from the previous month, while advisor confidence in the stock market fell to 103, down from 110 in March. A score of 100 indicates a neutral view.
Looking ahead, advisors are more pessimistic, with 36% expecting a decline in the next six months and only 20% anticipating an improvement. However, when looking forward to the next 12 months, the trend reverses, with 40% expecting an improvement and 39% predicting a decline.
In terms of the stock market, advisors are bullish, with 59% considering its current state positive. However, when looking ahead six months, advisors lean more negative. Looking forward to March 2025, they turn slightly more positive, with 51% expecting an improvement. Various factors such as persistent inflation, delays in interest rate cuts, and the upcoming presidential election are cited as reasons for advisors’ viewpoints.
The data collection and analysis for this survey were conducted by WealthManagement.com and Informa Engage. Data was collected from April 15-25, 2024. The methodology follows standard marketing research practices, with a monthly survey being promoted to active users beginning in January 2024. The goal is to gather responses from at least
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