Advisors’ sentiments about the health of the stock market and the economy remained relatively stable in March. Although sentiment in the stock market was slightly lower at 122 compared to the previous month’s score of 123, advisors rated the economy’s health at 110, a small increase from February’s score of 109. The ASI survey revealed that fewer than half of the advisors see the current economy as positive, with 56% rating it as neutral or negative. However, looking ahead, advisors anticipate a slight decrease in the economy’s health over the next six months but are more optimistic about its state in March 2025.
Despite concerns about inflation, two-thirds of advisors (66%) believe that the current stock market is either “good” or “excellent.” Many advisors are optimistic about potential stock market gains if interest rates are cut in the future. While some advisors predict no significant changes in the market over the next six months, others anticipate improvement. Looking further ahead, 63% of advisors believe there will be a net improvement in the market one year from now.
The survey was conducted by WealthManagement.com and Informa Engage from March 14-25, 2024. This monthly survey is promoted to active users with a goal of at least 100 financial advisor respondents per month. The data collected is used to create an index that reflects advisor sentiment on the economy and stock markets. The ASI will provide directional sentiment from retail-facing financial advisors over time.
