February 7, 2017 Gallup Poll Results On Economic Confidence – Notable Excerpts

On February 7, 2017 Gallup released the poll results titled “U.S. Economic Confidence Index Hit New High in January.”

Notable excerpts include:

Americans' confidence in the U.S. economy remained strong in January. Gallup's U.S. Economic Confidence Index averaged +11, the highest monthly average in Gallup's nine-year trend. However, the index has been slightly lower so far in February.

also:

Gallup's U.S. Economic Confidence Index is the average of two components: how Americans rate current economic conditions and whether they feel the economy is improving or getting worse. The index has a theoretical maximum of +100 if all Americans were to say the economy is doing well and improving, and a theoretical minimum of -100 if all Americans were to say the economy is doing poorly and getting worse.

In January, 31% of Americans rated the economy as "excellent" or "good," while 21% said it was "poor," resulting in a current conditions score of +10 -- marking the highest monthly reading for this component since 2008.

The economic outlook component also reached a new high score of +11 in January. This score was the result of 52% of Americans saying economic conditions in the country were "getting better," while 41% said they were "getting worse."

Here is an accompanying chart of the two components of the Gallup Economic Confidence Index, discussed above:

Here is an accompanying chart of the Gallup Economic Confidence Index:

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The Special Note summarizes my overall thoughts about our economic situation

SPX at 2292.38 as this post is written