The IBD/TIPP Economic Optimism Index, a leading national poll on consumer confidence, fell 9.2 percent overall in June as every component on the index slid. Its 53.2 reading, which dropped from 58.6 last month, remains in positive territory however, continuing its record run of 33 consecutive months above 50. An index reading below 50 for the IBD/TIPP indexes indicates pessimism while above 50 signals optimism. The IBD/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. IBD/TIPP ... (full story)