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Economic Optimism Rises As Trump Policies Get Thumbs Up: IBD/TIPP
The IBD/TIPP Economic Optimism Index hit a 10-month high in January, as low interest rates and a China trade deal lifted the Dow Jones and broader stock market to new record highs. All the good news for the Trump economy boosted support for federal economic policies to a 16-year high. The Economic Optimism Index rose for the fourth straight month, gaining four-tenths of a point to 57.4. That's not far off the 15-year high of 58.0 touched in May, just before President Trump blew up the first China trade war cease-fire. Readings above the neutral 50 level reflect optimism. There was one dissonant note in the cheerful ... (full story)