Last updated: 08:48 / Thursday, 18 August 2016
Wells Fargo/Gallup Survey

US Investor Optimism had Rebounded Prior to Brexit

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US Investor Optimism had Rebounded Prior to Brexit

 Prior to the British vote to exit the European Union, U.S. investor optimism had rebounded in the second quarter, following a rocky first quarter for the markets, according to the second quarter Wells Fargo/Gallup Investor and Retirement Optimism Index survey, conducted May 13-22 with 1,019 U.S. investors, who have  a total of  $10,000 or more in savings and investments.

The Optimism Index rose 22 points in the second quarter to +62, returning the index to the level seen in the last half of 2015, before it dipped to +40 in the first quarter of 2016.

Non-retired investors scored highest on the optimism index, with the index increasing 27 points to +68.  The index rose 10 points to +45 among retirees. Most of the gains in the overall index result from investors’ increased optimism about the 12-month outlook for the stock market as well as about reaching their 12-month investment targets. Additional gains were seen in investor optimism about economic growth as well as maintaining or expanding their household income. There was no change in investor perceptions about unemployment, inflation or reaching their five-year investment goals.

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