Investors Are Battening Down the Hatches for a Recession: Wells Fargo

July 3, 2019 by Michael S. Fischer

American investors are less optimistic about maintaining household income and reaching their short- and longer-term investing goals than they were a year ago, according to the latest Wells Fargo/Gallup Investor and Retirement Optimism Index, released Tuesday.

The index, which measures U.S. investor confidence in the investing climate, fell to 85 for the second quarter, down from 103 during the same period in 2018.

Sixty-one percent of investors said recent stock market performance had made them concerned that the market was peaking.

Another recent poll found investor and advisor optimism waning since the start of 2019 because of market volatility.

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Originally Posted at ThinkAdvisor on June 25, 2019 by Michael S. Fischer.