On May 7, Gallup released the poll results titled “Americans’ Confidence in the Economy Ties Record High.” The subtitle is “Upper-income Americans confidence in April is out of negative territory.”
Gallup’s Economic Confidence Index last week matched the five-year weekly high and included the best three-day rolling average since Gallup began Daily tracking in 2008. Economic confidence in April also tied the five-year monthly best, and upper-income Americans’ monthly confidence left negative territory for the first time in five years.
Here is the accompanying chart depicting monthly economic confidence:
The Special Note summarizes my overall thoughts about our economic situation
SPX at 1625.96 as this post is written