On October 2, Gallup released the poll results titled “Monthly U.S. Economic Confidence Up Sharply in September.” The subtitle is “Confidence surged in early September and remained elevated throughout the month.”
Three of the most notable excerpts:
The Gallup Economic Confidence Index averaged -19 in September, up from -27 in August and nearly matching the -17 seen in May, the highest monthly reading since the start of Gallup Daily tracking in 2008.
The eight-percentage-point overall improvement in September is almost entirely owing to a jump in Americans’ economic outlook, rather than their evaluation of current economic conditions.
Democrats and, to a lesser degree, independents became significantly more optimistic about the economy’s direction in September, pushing the overall Gallup Economic Confidence Index up eight points to -19, nearly the highest it’s been in more than four years.
The Special Note summarizes my overall thoughts about our economic situation
SPX at 1445.75 as this post is written