The RealClearMarkets/TIPP Economic Optimism Index, a leading gauge of consumer sentiment, dropped 0.7% in April to 43.2. The index has remained in negative territory for 32 consecutive months since September 2021. Reflecting the recent stock market gains, optimism among investors gained 8.3% from 50.7 in March to 54.9 in April, while it dropped by 8.7% among non-investors, from 40.1 in March to 36.6 in April. 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 February ... (full story)