Although bullishness has dropped across the board, investors are significantly more pessimistic than advisors
Advisors are mixed on cannabis investing
Advisors see a tough road ahead of them in helping clients prepare for financial obstacles
Bullish sentiment has declined in almost all asset classes
Sentiment on Canada’s developing cannabis industry is increasing significantly
Sentiment on blue-chip, financial and energy stocks have risen sharply from the prior quarter
Advisors are bullish on eight of 14 asset classes, and sentiment was strongest for the S&P/TSX 60 index
The rise in oil prices and subsequent increase in energy stocks was the most significant reason for advisors’ changing sentiments, according to a new Horizons survey
Advisors are also optimistic that the loonie will rise in comparison to the greenback
Advisors see market performance and volatility as well as the emerging threat of robo-advisors as obstacles to their growth