Millionaires are feeling better about the economy, but more skeptical of the stock market.
According to Spectrem Group's Millionaire Investor Confidence Index, millionaire optimism bounced back slightly in November to its second-highest level in 10 months. Soaring stocks and easing fears over the crises in Washington were largely behind the move. And the gains followed a drastic drop in millionaire confidence in October over concerns about the debt ceiling.
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Millionaire households reported the largest month-over-month increase in household assets since 2007, Spectrem said. Again, thanks to the stock market.