Wealthy American’s sentiments soared during the first quarter of 2017.
Affluent investors are bullish over strong market performance and optimism over tax and regulatory policies proposed by President Donald Trump, according to the latest investor confidence index scores reported by Chicago-based Spectrem Group.
The Spectrem Millionaire Investor Confidence Index, which measures the optimism of investors with more than $1 million net worth, doubled to 20 in April from 10 points in March. During the same period, the Spectrem Affluent Investor Confidence Index, which measures the optimism of investors with more than $500,000 net worth, rose from 6 to 10 points.
Confidence is measured on a range from -51, for highly bearish sentiments, to 51, for a bullish outlook.