A record-setting post-election market surge and increased confidence in the U.S. economy helped lift the ‘Spectrem Affluent Investor Confidence Index (SAICI)’ and the ‘Spectrem Millionaire Investor Confidence Index (SMICI)’ in November. The November SAICI and the SMICI each gained five points from the previous month to eight and 14, respectively. Following months of uncertainty surrounding the outcome of the U.S. presidential election, investors reported increased positivity about the outlook for the U.S. economy, with just one in three (32.8 per cent) respondents indicating they intend to stay on the investment sideline in the coming month. Interestingly, with the election over, the political environment continues to be the most influential factor cited by respondents as driving investor sentiment, with fully 83 per cent of respondents identifying it as the factor most affecting their financial future.
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