The IBD/TIPP Economic Optimism Index for August fell to its lowest level in more than a year as recession fears waned but inflation concerns revived. Investors turned slightly gloomy with the stock market rally moving to under pressure as Apple (AAPL) and Tesla (TSLA) led a retreat. The IBD/TIPP U.S. Economic Optimism Index fell 1 point to 40.3. The index has held below the 50 neutral level for 24 consecutive months. Now 49% of adults polled think a U.S. recession is at hand. That's the lowest level since May 2022, but still high. The number is down from 55% in July and 51% in June. The figure rose as high as 61% in ... (full story)