Confidence among wealthy investors declined last month for the first time in three months, according to an index compiled by Spectrem Group. The Spectrem Millionaire Investor Index fell three points from October, to 12, after two months of steady increases. The index, which had risen two points in October and 12 in September, remained in mildly bullish territory, despite the November decline.

The Spectrem Affluent Investor Index, which measures the investment outlook of households with $500,000 or more of investable assets, fell three points, to four, but remained in neutral territory.

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