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Buoyed By Investors, RCM/TIPP US Optimism Index Brightens In January
The RealClearMarkets/TIPP Economic Optimism Index, a leading gauge of consumer sentiment, gained 11.8% in January to 44.7. Despite the rise, the index remains in negative territory – for 29 consecutive months now. Boosted by stock market gains in December, optimism among investors gained 20% from 45.8 in December to 54.9 in January, while it rose by 5% among non-investors, from 37.5 in December to 39.3 in January. The RCM/TIPP Economic Optimism Index has established a strong track record of foreshadowing the confidence indicators issued later each month by the University of Michigan and The Conference Board. From ... (full story)