The Majority of Americans See the Economy as Weak

The Majority of Americans See the Economy as Weak

The Majority of Americans See the Economy as Weak

$DIA, $SPY, $QQQ, $VXX

Americans, Japanese and Europeans are not happy about their national economies

On the other hand , Chinese, Indians and Australians feel positive about their economies.

Those are among the findings from a survey released Tuesday of 20,132 people in 16 countries by the Pew Research Center.

Just 44% of Americans rated the US economy as “good,” up from 18% since Y 2011.

Politics plays a role in how Americans assess their economy.

Just 37% of US conservatives give the economy high marks, Vs 45% of moderates and 55% of liberals.

 

People in Japan and in many EU countries regard their economies as poor.

The survey was taken from 4 April to 29 May, which means that the results emerged before Britain voted on 23 June to leave the European Union. The Brexit vote rattled financial markets and magnified uncertainty about the outlook for the economies of Britain and continental Europe.

Tuesday, the US major stock market indexes finished at: DJIA +3.76 at 18533.05, NAS Comp +12.34 at 5225.48, S&P 500+0.85 at 2181.74

Volume: Trade was light with about 731-M/shares exchanged on the NYSE

  • Russell 2000 +8.4% YTD
  • S&P 500 +6.7% YTD
  • DJIA +6.4% YTD
  • NAS Comp +4.4% YTD
HeffX-LTN Analysis for DIA: Overall Short Intermediate Long
Bullish (0.30) Neutral (0.11) Bullish (0.46) Bullish (0.33)
HeffX-LTN Analysis for SPY: Overall Short Intermediate Long
Bullish (0.31) Bullish (0.29) Bullish (0.29) Bullish (0.33)
HeffX-LTN Analysis for QQQ: Overall Short Intermediate Long
Bullish (0.33) Neutral (0.20) Very Bullish (0.58) Neutral (0.22)
HeffX-LTN Analysis for VXX: Overall Short Intermediate Long
Bearish (-0.33) Neutral (-0.17) Very Bearish (-0.53) Bearish (-0.29)

Stay tuned…

 

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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