On April 3, Gallup released a poll titled “Economic Confidence in March Highest Since January 2008.”
A couple of the most notable excerpts:
The Gallup Economic Confidence Index reached -20 in March, up from -22 in February and its highest level since Gallup Daily tracking began in January 2008. The index has increased for seven straight months after falling to -52 during the federal debt crisis last August.
Increasing optimism about the future direction of the economy has been mainly responsible for the surge in Americans’ overall economic confidence since last summer. The economic outlook component of the index has improved by 47 points to -12 from -59 in August 2011. By contrast, perceptions of current economic conditions have improved by a much more modest 18 points to -28 from -46.
The Special Note summarizes my overall thoughts about our economic situation
SPX at 1398.62 as this post is written