Advisor Sentiment Index
Advisors predict economic flatline
Nearly half the financial advisors surveyed for the Summer 2013 Advisor Sentiment Index expect economic growth to be non-existent for the rest of the year. In terms of capital markets however, advisors are feeling more positive, with bulls outnumbering bears by more than 2 to 1. Most of the optimism is directed toward U.S. equities, while Canadian and U.S. government bonds are notably out of favour. More than 60% say they’re at least “somewhat” bearish on Canadian 10-year and U.S. 30-year bonds.
The overall index is at 61.