Despite a mid-month surge from the Dow Jones Industrial Average, advisor confidence in the economy leveled off in April as many financial consultants worried about the impact of health care reform. In April, the Advisor Confidence Index, which gauges advisor views on the economy and stock market, declined 0.46% to 108.08. from a month earlier.

This month, Rydex|SGI also surveyed advisors on their opinion regarding what the passage of health legislation will mean for the economy and the markets. About 79% said that they think health care reform will increase the federal deficit and 62% think health care reform will slow economic growth.

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