Tuesday, April 4, 2017

April 4, 2017 Gallup Poll Results On Economic Confidence – Notable Excerpts

On April 4, 2017 Gallup released the poll results titled “U.S. Economic Confidence Index Unchanged in March.”
Notable excerpts include:
Still, Americans' economic confidence has remained positive overall for 20 straight weeks -- since the week after the presidential election in November -- making it the longest positive streak since Gallup began tracking the measure.
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 March, one-third of U.S. adults (33%) described economic conditions as "excellent" or "good," while 20% rated them as "poor." This resulted in a current conditions score of +13 for the month -- the same as in February.
Meanwhile, 49% of U.S. adults said economic conditions were "getting better," while 45% said they were "getting worse," resulting in an economic outlook score of +4 -- similar to February's +3 for this component.
Here is an accompanying chart of the two components of the Gallup Economic Confidence Index, discussed above:
Gallup U.S. Economic Confidence components
Here is an accompanying chart of the Gallup Economic Confidence Index:
Gallup U.S. Economic Confidence Index

The Special Note summarizes my overall thoughts about our economic situation
SPX at 2351.00 as this post is written

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