Investor optimism in free fall

Optimism plummeted to its lowest level in two years this month, according to the UBS/Gallup Index.
NOV 26, 2007
Concern over high energy costs and a soured housing market sent investor optimism plummeting in November to its lowest level in two years, according to the UBS/Gallup Index of Investor Optimism. The monthly index dived 26 points to a reading of 44, falling from 103 in January and reaching its lowest point since the Gulf Coast was battered by Hurricane Katrina in September 2005. The Index, which is conducted on a monthly basis, had a baseline score of 124 when it was established in October 1996. The Economic Dimension of the Index, which measures investors' feelings about the U.S. economy, fell 20 points in November to a reading of -12. The Personal Dimension of the Index, which measures Investors' optimism about their individual investment portfolios, fell six points to a reading of 56. The study, which was conducted during the first two weeks of the month, surveyed 804 investors with total savings and investments of $10,000 or more.

Latest News

How AI search aided scam from phony NFL player, fake financial advisor
How AI search aided scam from phony NFL player, fake financial advisor

Daejon Love and Taylor Chan's $1.3 million romance fraud scheme exposes how AI search engines can be manipulated by fabricated online identities

Schwab ordered to pay clients $1.34 million in crypto dispute involving elderly client
Schwab ordered to pay clients $1.34 million in crypto dispute involving elderly client

“It was a third party scam,” said the attorney representing the claimants.

RIA moves: Mercer adds to Atlanta presence with veteran advisor from Northern Trust
RIA moves: Mercer adds to Atlanta presence with veteran advisor from Northern Trust

Meanwhile, &Partners draws another Commonwealth practice, and Wealthcare welcomes a $550 million planning practice in the Northeast.

CogniCor adds wealthtech veterans to board in renewed RIA push
CogniCor adds wealthtech veterans to board in renewed RIA push

Palo Alto AI platform recruits RIA and fintech leaders as industry data show AI adoption reshaping advisor staffing.

Advisor moves: Merrill draws $1.2 billion UBS team in New Mexico
Advisor moves: Merrill draws $1.2 billion UBS team in New Mexico

Meanwhile, Raymond James, Wedbush, and LPL recruited veteran advisors from across Texas, North Carolina, and California.

SPONSORED Direct indexing webinar targets tax-loss harvesting amid market swings

Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains

SPONSORED Who builds the income when the pension disappears?

Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income