After it improved slightly in January but still remained in neutral territory, Rydex AdvisorBenchmarking’s Adviser Confidence Index fell nearly 2% in February to 107.18, with 65% of advisers saying they are concerned about unemployment, and 50% pointing to the federal budget deficit.

Last month, three of the four measures comprising the index fell, the only positive reading being advisers’ 12-month economic outlook (+3.84%). Their current economic outlook came in at -6.22%, six-month outlook at -2.35% and stock market outlook -4.32%.

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