On March 5, Gallup released the poll results titled “U.S. Economic Confidence Falls as Sequester Becomes Reality.” The subtitle is “Prior to sequester, confidence held at the monthly five-year high.”
An excerpt regarding the monthly average reading for February:
Although Americans’ confidence in the economy fell last week, monthly U.S. Economic Confidence held steady at -13 in February, matching January and the five-year monthly high set in November 2012. Monthly economic confidence improved from September to November before declining to -17 in December. It rebounded to -13 in January and remained at this level in February.
Here is the accompanying chart depicting monthly economic confidence:
The Special Note summarizes my overall thoughts about our economic situation
SPX at 1536.74 as this post is written