Financial advisors’ sentiment towards the stock market and the economy decreased in April, according to a survey conducted by WealthManagement.com and Informa Engage from April 15-25, 2024. The health of the economy dropped nine points from the previous month while advisor confidence in the stock market fell to 103 from 110 in March. A response of 100 is considered neutral. The survey showed that advisors are split on the current state of the economy, with 39% expressing a positive sentiment, 40% neutral, and 21% feeling negative.
Looking ahead, advisors are more pessimistic about the future of the economy. Thirty-six percent expect a decline in the next six months while only 20% anticipate improvement. However, looking forward to one year, 40% of advisors predict an improvement while 39% foresee a decline.
Regarding the stock market, financial advisors had more positive views in April as 59% considered it positively. However, their sentiment changed as they looked ahead six months; they became more negative. Looking forward to March 2025, only 51% expect an improvement.
Several factors influenced financial advisors’ viewpoints such as persistent inflation, delayed interest rate cuts, and the upcoming presidential election. Despite this survey’s findings, it is important to note that these views can change rapidly over time based on new developments or events that may occur between now and then.
The data collection and analysis were conducted by WealthManagement.com and Informa Engage from April 15-25,
