U.S. investors’ optimism in the stock market has pushed the Wells Fargo/Gallup Investor and Retirement Optimism Index to its highest level since September 2000.
The index, after rising in every quarter since the start of 2016, leveled off in the second quarter at +124 before rising to its current +138 in the third quarter, Gallup reported.
The survey found that investor optimism about stock market matches the 1999-2000 record high.
Sixty-eight percent now say they are optimistic about the stock market’s performance during the next year, matching the record high for the question from December 1999 and January 2000. At least 61% have expressed optimism about the stock market in each of the three surveys this year, a percentage matched or exceeded only four other times in the 132 times the question has been asked since April 2000. Twenty-five percent say they are “very optimistic,” topping the previous record high