A new survey from Spectrem Group finds that affluent investors – particularly millionaires – are becoming more and more pessimistic about the U.S. economy’s erratic recovery despite the Dow's strong start to the year.

Spectrem, a Chicago-based strategic consulting firm specializing in the affluent and retirement markets, reports that its Affluent Investor Confidence Index plunged 7 points in May to a -5 rating, down from a rating of 2 in April and a 5 score recorded in March.

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