Financial advisors expressed a stable outlook on the stock market and economy in March 2024. The stock market sentiment was rated at 122, down slightly from the previous month’s 123, while the economic health score was up at 110 compared to March’s 109. An index score of 100 reflects a neutral viewpoint.
The survey conducted by WealthManagement.com and Informa Engage from March 14-25, 2024, found that less than half of the advisors viewed the current economy positively, with 56% considering it neutral or negative. Looking ahead, advisors predicted a slight decrease in the economy’s health over the next six months but expressed optimism about the state of the economy by March 2025.
Two-thirds of advisors described the current stock market as “good” or “excellent.” Some advisors expressed concerns about inflation, while others believed that a potential decrease in interest rates could lead to further gains in the stock market.
The data collected through this survey revealed that 42% of advisors predicted no significant changes in the market within the next six months, while 33% anticipated improvements. Looking forward one year, 63% of respondents expected a net improvement in the market.
The ASI survey aims to provide insight into the sentiment of retail-facing financial advisors over time and adheres to standard marketing research practices with input from at least 100 financial advisors monthly. Respondents were asked to provide their views on the current and future state of
