Adviser confidence in the economy and stock market improved in April, according to the Rydex AdvisorBenchmarking Advisor Confidence Index that was released Tuesday.
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The index, which gauges advisers' views on the market, rose 4%, to 90.37, from the month before.
Rydex Investments, a Rockville, Md., investment management firm, said that advisers believe "capital markets, the job market, and the housing markets must begin to stabilize."
A number of survey participants say they believe the U.S. economy is not falling into a deep recession but may instead be stabilizing at a slow rate of growth for the first and second quarter.
However, others continued to believe "the current credit-bubble deflation is in the early stages."
