W&AM Insights: Economic Optimism Recorded a Sharp Decline in August
September 27, 2019
ECONOMIC OUTLOOK – August 2019 Measurement
The W&AM Economic Optimism trend line declined significantly from July to August. Among HNW investors, optimism declined 17 percentage points, to 60%. The drop was substantial among the Mass Affluent as well; down 15% points to 54%.
INVESTING OUTLOOK – August 2019 Measurement
The W&AM Investment Optimism trend line declined 2 percentage points among the Mass Affluent, from 30% to 28% in August. Among HNW investors, there was a 9 percentage point increase, to 35%.
Concerns over a trade war with China led to increased uncertainty about the economy. Despite the considerable decline in economic sentiment, HNW investors continued to remain bullish, with plans for additional investments in the upcoming months.