Spectrem Group announced today that its Spectrem Affluent Investor Confidence Index (SAICI(SM)) dropped 7 points in May to -5. The Index measures the investment confidence and outlook of households with $500,000 or more in net worth. This is the second consecutive month that the index posted a decline, a reflection of ongoing concern ver whether the economic recovery is gaining traction.
The Spectrem Millionaire Investor Confidence Index (SMICI(SM)) dipped five points to 3, the biggest loss in almost a year.
"Affluent investors continued in May to remain on the sidelines," George H. Walper, Jr., President of Spectrem Group, observed. "The ongoing European Zone crisis and its impact on the global economy is the news story that is most affecting their economic outlook."
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