Investor optimism index posts largest quarterly drop in three years
U.S. investor optimism fell to its lowest point since the fourth quarter of 2016, according to the third-quarter Wells Fargo/Gallup Investor Optimism Index released today. The Wells Fargo/Gallup Investor and Retirement Optimism Index is now 72, down 13 points from 85 in the second quarter and well below the post-recession high of 117 reached in the fourth quarter of 2017. This is the largest quarterly drop for the index in more than three years, The poll was conducted Aug. 5-11, and captured investor sentiment in the wake of five consecutive days of market sell-offs leading up to the start of the survey.
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