Spectrem Millionaire Investor Confidence Index (SMICI®) = 7
- May 2018 to June 2018 - Down 1
- June 2017 to June 2018 - Up 1
Spectrem Affluent Investor Confidence Index (SAICI®) = 3
- May 2018 to June 2018 - Down
- June 2017 to June 2018 - Unchanged
- For the third consecutive month, the Affluent Investor Index dropped, falling from 11 to 3 between March and June. The Millionaire Investor Index has also dropped steadily since February, from 18 to 7. The last time either index rose was in February.
- Overall, investors not extending their investing totals rose from 36 percent to 38 percent, driving by a steep rise among affluent investors, from 39.8 percent to 47.8 percent. Cash investing, the safest investing option in the index, rose from 22 percent to 24 percent overall, led by Millionaires, 24.5 percent, the highest percentage since February.
- In corresponding fashion, Stock investing fell overall to 29.20 percent from 32.40 percent and Millionaire Stock investing fell from 34.1 percent to 30.2 percent.
- The Spectrem Household Outlook dropped by more than a point due entirely to a loss of confidence in the Economy, which fell from 21.20 to 10.80 overall. The Outlook for the Economy among affluent investors dropped to -0.90, a 25-point drop in one month.
Does anyone know what is going on with tariffs aimed at China, Europe, and America’s NAFTA partners Mexico and Canada? Does anyone know the full effect which will come from the rebound tariffs from those foreign governments aimed at the United States?
Confusion regarding the economic direction of the United States is reflected in the June Spectrem Affluent and Millionaire Investor Confidence Indices, as both numbers fell and reflected a three-month downturn in the confidence of investors overall.
The Spectrem Affluent Investor Confidence Index (SAICI) dropped from 6 to 3, and has dropped 9 points since February. At the same time, the Spectrem Millionaire Investor Confidence Index (SMICI) for June fell from 8 to 7, a fourth consecutive month of either steady or declining confidence. The SMICI has fallen from 18 to 7 since February.
The monthly SAICI tracks changes in investment sentiment among the 17 million households in America with more than $500,000 of investable assets. The SMICI reflects the investment sentiment of households with more than $1 million in investable assets. The June investor fielding took place between June 15 to June 20, 2018.
The decrease in confidence overall is reflected in several specific categories in the index, including those investors Not Investing (those who are not increasing their investment totals). Among non-Millionaires, 47.8 percent said they were not increasing their investment level, and that is the highest level of non-participation since July of 2017.
Stock investing overall fell to 29.20 percent, with a decrease among both Millionaires and non-Millionaires; the 27.9 percent of non-Millionaires investing in Stocks is the lowest percentage in 2018.
The Spectrem Household Outlook, a measure of the long-term confidence among investors in four financial factors which impact a household’s’ daily life, fell to 24.60, but that drop was entirely due to a complete lack of confidence in the Economy among non-Millionaires. Their rating of the Economy dropped to -0.90, the first time any Outlook number has been in negative territory since June of 2017, when the Outlook on the Economy was at -0.82. The Millionaire Outlook actually rose considerably to 30.04, the highest level since March.
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