In a volatile market and economy, it probably should be no surprise that advisor outlook also swings wildly. Advisor confidence in the economy and stock market rose to its highest level in six months during September, according to The Advisor Confidence Index from Rydex/SGI. This measure comes on the heels of the confidence index sinking to its lowest level in 16 months during August.
The ACI rose 16% to 109.08 in September from a month earlier. The rebound in confidence appears to be a result of an overwhelming majority of advisors who were surveyed (75%) said that business tax cuts will help the economy.
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