Advisors Cut U.S. Economy Outlook 12% as Inflation and Diplomacy Jitters Dent Market Confidence
Updated
Updated · Wealth Management · Jul 17
Advisors Cut U.S. Economy Outlook 12% as Inflation and Diplomacy Jitters Dent Market Confidence
1 articles · Updated · Wealth Management · Jul 17
Summary
106 was the June reading for advisors’ economic sentiment, down 12% from May, while stock-market sentiment fell nearly 8% to 121 after a near-record spike the prior month.
Inflation worries and on-again, off-again international diplomacy drove the pullback, even though both indexes stayed above the neutral 100 level.
43% of advisors expect the economy to worsen over the next year versus 46% who see improvement, marking the highest expectation of economic decline since the survey began two years ago.
66% still rate the current stock market positively, compared with 44% for the economy, underscoring what respondents described as a K-shaped split between resilient asset prices and pressure on consumers and small businesses.