|
Overall market optimism among independent advisors surveyed has dropped from 78 percent, when the Independent Advisor Outlook Study began in January 2007, to a low of 46 percent in January 2008. During the fifth wave of the study, conducted in January 2009, it rose slightly to 53 percent.
Despite current market volatility, more than half of advisors surveyed predict the S&P 500 will increase.
PERFORMANCE OF THE S&P 500 BY ADVISOR OPTIMISM
All Respondents
Q1: Which of the following best describes what you think will happen to the S&P 500 in the next six months?
Base = All respondents; Jan ’07 = 1387; July ’07 = 1044; Jan ’08 = 1006; July ’08 = 1010; Jan ’09 = 1020
Market Sectors
Half of all advisors surveyed expect health care to be the top-performing market sector over the next six months, followed by consumer staples (43 percent) and energy (37 percent). Advisors expressed the least confidence in the consumer discretionary sector.
EXPECTED TOP PERFORMING MARKET SECTORS THE NEXT SIX MONTHS
All Respondents
Q12: Which three market sectors do you think will perform best in the next six months?
Base = All respondents; Jan ’07 = 1387; July ’07 = 1044; Jan ’08 = 1006; July ’08 = 1010; Jan ’09 = 1240
(0309-8000)
|
