On January 23, 2020 Gallup released the poll results titled “U.S. Economic Confidence at Highest Point Since 2000.”
Notable excerpts include:
Americans’ confidence in the U.S. economy is higher than at any point in about two decades. The latest figure from Gallup’s Economic Confidence Index is +40, the highest reading recorded since +44 in October 2000.
Gallup’s Economic Confidence Index is the average of two components: Americans’ ratings of current economic conditions and their views on whether the economy is getting better or getting worse. The index has a theoretical maximum of +100, achieved if all Americans believe the economy is excellent or good and getting better. The theoretical minimum is -100, if all Americans say the economy is poor and getting worse.
The current conditions component score of +54 is the result of 62% of Americans saying the economy is “excellent” or “good” and 8% describing it as “poor.” Meanwhile, the economic outlook component score of +26 is the result of 59% saying the economy is “getting better” and 33% saying it is “getting worse.”
Also of note is other commentary, including a section titled “Mentions of Economic Issues as Greatest U.S. Problem at a Record Low.”
Here is an accompanying chart of the Gallup Economic Confidence Index from 1992-2020:
The Special Note summarizes my overall thoughts about our economic situation
SPX at 3251.63 as this post is written