Financial advisors say their optimism over the state of the economy and the future of the equity markets, while still positive, has waned in the past month.

The latest Advisor Confidence Index from WealthManagement.com shows advisors optimism in the markets and the economy over the next twelve months has grown dimmer.

While advisors consider the recent battles among federal lawmakers as depressing the current economy, they are increasingly bullish on the near-term future of the stock market.

Advisors’ view of the current economy—and the stock market—has held steady over the past month, even as standoffs in Syria, and in the halls of the Federal Government, threatened the markets.

The WealthManagement.com Advisor Confidence Index fell overall in August, as advisors look for a near-term pullback in equity markets.

Advisors’ view of the current economy—and the stock market—is turning more favorable, yet they are less optimistic about the future

While recent market turmoil pushed down advisors’ optimism over the near-term future of the markets, they see brightness ahead.

After registering pessimism in April, Financial advisors were slightly more inclined to think positively about the economy and the markets in May, according to WealthManagement.com’s Advisor Confidence Index.

WealthManagement.com’s Advisor Confidence Index reveals advisors believe the market is due for a near-term pullback amid an economic recovery that remains fragile.

Optimism on future of the economy moderated in March