U.S. Investor Optimism
According to the latest Wells Fargo/Gallup Investor and Retirement Optimism Index, which was conducted on May 4–12, overall U.S. investor optimism fell to +24, down from +40 recorded in February. The decline is particularly steep amongst retirees, who, according to Karen Wimbish, director of Retail Retirement at Wells Fargo, were three more optimistic than workers a year ago, and now are less optimistic than the working class. Non-retired Americans recorded an optimism level of +27 , down from +41 in February. Moreover, 48% of survey respondents say now is a good time to invest in the stock market, also down from 52% in February.