Advisor confidence perked up in July despite continued worries over oil
prices, interest rates and the cooling real estate market, according to
the Rydex Advisor Confidence Index (ACI).
The ACI-a benchmark that gauges advisors' views on the U.S. economy and markets-strengthened in July to 110.27, up from 106.07 in June, according to Rydex.
Three of the four factors used to calculate the ACI were up, with the largest increase in advisors' stock market outlook, which was up 11.11%. Advisors' six-month and 12-month economic outlooks were also up.
The only component of the ACI to drop in July was the current economic outlook, which was down 0.42%.