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
Janet Levaux, MA/MBA, is Editor in Chief of ThinkAdvisor & Investment Advisor. She's covered the financial markets since 1991 and advisors since 2005. Janet studied at Yale, Johns Hopkins SAIS and St. Mary's College of California. She's also lived and worked in Asia, Europe and Latin America, raised two sons, and won a Neal Award for top news coverage in 2020.
