Tags: Survey | Political | Discord | Investors

Wells Fargo/Gallup Survey: Political Discord Turns Off Investors

By    |   Thursday, 09 October 2014 09:18 PM

Political discord in Washington is hurting investor confidence the most of nine issues presented in a survey by Wells Fargo/Gallup.

Eighty-eight percent of the 1,011 investors polled Aug. 15-24 said the federal government's paralysis is hurting the investment climate. 

Meanwhile, 82 percent said events in the Middle East are denting confidence, 80 percent cited unemployment, 78 percent mentioned increasing income inequality, 74 percent listed the Ukraine-Russia conflict, and 70 percent specified U.S. immigration policy.

Nearly two-thirds (65 percent) cited Europe's weak financial conditions, 51 percent mentioned the Federal Reserve's interest rate policy and 40 percent listed the current level of interest rates.

"Political and economic developments such as these potentially explain why U.S. investors continue to express concern about the stock market, even as it continues to hover at historic highs," writes Gallup's Art Swift.

"It is clear that investors are paying attention to events in the U.S and abroad, and these developments are having an impact on their views about investing."

Meanwhile the American Association of Individual Investors sentiment survey of its members for the week ended Oct. 8 shows 39.9 percent of respondents are bullish on the stock market for the next six months, up from 35.4 percent a week ago.

A total of 31 percent are bears, almost unchanged, and 29.1 percent are neutral, down 4.5 points from the previous week.

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Political discord in Washington is hurting investor confidence the most of nine issues presented in a survey by Wells Fargo/Gallup.
Survey, Political, Discord, Investors
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2014-18-09
Thursday, 09 October 2014 09:18 PM
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