Wealthy investors apparently unnerved by rising oil prices and the potential for higher interest rates and inflation now say they are much less confident about the stock market and the broader economy than they were just one month ago.

Chicago-based Spectrem Group, a strategic consulting firm specializing in the affluent and retirement markets, reports that its Spectrem Millionaire Investor Confidence Index (SMICI) in March fell to an aggregate score of 8, down 9 points from the downright bullish score of 17 recorded in February.

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