Spectrem Millionaire Investor Confidence Index (SMICI) = 19
August 2017 – September 2017 Up 9
September 2016 – September 2017 Up 14
Spectrem Affluent Investor Confidence Index (SAICI) = 13
August 2017 – September 2017 Up 6
September 2016 – September 2017 Up 9
· The SMICI reaches its highest level since April.
· The SAICI enjoys its third month of improvement.
· The SAICI has jumped 11 points in the last four months, and is at its highest level since reaching 13 in September of 2014.
Something has got investors exceedingly optimistic about the American economy.
The stock market remains at record levels, and corporate profit reports remain optimistic. These factors play role reflected in the Spectrem investor confidence indices, which saw radical improvement in September. In the case of the confidence level of less wealthy investors, the index reached a level not seen in three years.
The Spectrem Millionaire Investor Confidence Index (SMICI) rose from 10 to 19 in September, the highest mark it has seen since April (after which it crashed 17 points in May). In September, the Spectrem Affluent Investor Confidence Index (SAICI) reached 13, which is equal to the number it last reached in September of 2014. In June of this year, the SAICI was at 2, but it has risen three months straight.
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 September fielding was conducted from September 18-19, 2017.
Within the index, one indicator of investor optimism is the percentage of investors choosing not to invest in the upcoming month. Among non-Millionaires, that percentage dropped from 43.9 percent to 40.2 percent, the lowest percentage of investors not investing since March of 2017.
Among Millionaires, the best sign of optimism was reflected in Stock Mutual Fund Investing, up to 43.8 percent of investors, the highest percentage in five months. Stock investing among Millionaires, however, dropped 5 points to 32 percent.
The other specific investor interests among Millionaires dropped, and Real Estate investing dropped to 3.9 percent of Millionaire investors, the lowest interest in that market in the 13-year history of the index.
Among non-Millionaires, there were increases in Stock and Stock Mutual Fund investing, and a slight increase in Real Estate investing, which was actually higher among non-Millionaires (4.1 percent) than among Millionaires (3.9 percent).
The Spectrem Household Outlook, a monthly measure of the long-term confidence in four financial factors that impact a household’s daily life, saw significant improvement among Millionaires, reaching a mark of 36.91, the highest Outlook measurement for Millionaires since April of 2007. Among non-Millionaires, the Outlook dropped to 22.95 after a large improvement in August.
Among the four components creating the overall Outlook, there were gains among Millionaires in all categories and decreases in three categories among non-Millionaires.
©2017 Spectrem Group