Despite continued economic and market uncertainty, most financial advisors still expect 2013 to be a good year according to a new poll released today by SEI. In fact, the vast majority of advisors polled (75%) think business profits will be better this year than last.
When asked their outlook on the market, more than half of respondents (54%) said they're cautiously optimistic about the remainder of the year, and slightly more than that (58%) predict the S&P index will close the year above 1650. Just about 1 in 10 advisors polled (12%) said they're confident we'll see new record highs for the S&P in the second half of the year. The poll, completed by more than 100 advisors, suggests that advisor attitudes are becoming increasingly optimistic despite some ongoing hurdles and uncertainty.