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U.S. Economic Optimism Hits 8-Month Low, But Investors Grow Hopeful
The IBD/TIPP U.S. Economic Optimism Index slipped to an 8-month low in July as Americans remained deeply pessimistic. However, investors are an exception, as the S&P 500 and Nasdaq rally fueled by artificial-intelligence stocks restored a modest level of optimism. The overall IBD/TIPP U.S. Economic Optimism Index slipped four-tenths of a point to 41.3, the lowest reading since last November. The index has remained in pessimistic territory, below the 50 neutral level, for 23 consecutive months. The gauge of support for federal economic policies dipped one-tenth of a point to 38.5. That put approval of federal ... (full story)