Spectrum’s Millionaire Investor Index and its Affluent Investor Index moved the opposite direction in May for the first time since March 2004.
The Millionaire Investor Index posted a one point gain in investor optimism, hitting 17, while the Affluent Investor Index – which measures households with over $500,000 in investable assets – fell four points to 3, the index’s lowest since it posted an all-time low of -6 in October 2005.
Affluent investors have been neutral for 10 of the past 12 months, and May’s loss followed declines in both March and April.
When the indices last moved in opposing directions, in March 2004, the millionaire index jumped five points, and the affluent index fell two.