On December 4, Gallup released the poll results titled “U.S. Economic Confidence in November Best in Four Years.” The subtitle is “Average index score of -13 for the month.”
Two of the most notable excerpts:
Americans’ economic confidence was better in November than in any month since Gallup began tracking confidence daily in January 2008. The -13 Economic Confidence Index score surpasses the previous bests of -17 from October and May of this year.
In November, 17% of Americans rated current conditions as “excellent” or “good” and 38% rated them as “poor.” That net score of -21 indicates Americans remain more negative than positive about the economy, but on a relative basis, it is the best current conditions rating since March 2008 (-20).
The -5 economic outlook score, based on 45% saying the economy is getting better and 50% saying it is getting worse, is the best Gallup has measured since it began daily tracking in 2008. The prior best was last month’s -10.
The Special Note summarizes my overall thoughts about our economic situation
SPX at 1415.08 as this post is written