Advisors and consumers revealed different views on where the economy and markets are headed in December, for the second month in a row.
The Advisor Confidence Index, released by Rydex AdvisorBenchmarking on Monday, showed that advisor confidence increased significantly in December. It rose more than 18 percent from 85 in November's to hit nearly 101 for the final month of 2012.
Meanwhile, the Conference Board's Consumer Confidence Index dropped to about 65 this month from a downwardly revised 71.5 in November, the group said early Thursday. Economists polled by Reuters had expected a rosier reading of 70.
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Janet Levaux
Editor-in-Chief Janet Levaux has covered the financial markets since 1991, with a focus on financial advisors since 2005. After graduating from Yale and the Johns Hopkins School of Advanced International Studies (SAIS), where she studied global economics, Janet worked as a freelance financial and business writer in Japan, and then as a reporter and editor for Investor's Business Daily and the Bay Area News Group in California. She earned an MBA in 2007 and since then has helped lead key ThinkAdvisor projects like its Neal-Award winning reporting on Ken Fisher, Luminaries awards program and Women in Wealth newsletter.
