Americans’ Economic Approval at 18-Yr Highs

Americans’ Economic Approval at 18-Yr Highs

$DIA, $SPY, $QQQ, $RUTX, $VXX

FLASH: 9 of the 11 S&P 500 sectors finished higher with information technology (+1.3%), communication services (+1.1%), and healthcare (+0.9%) leading the advance. On the other hand, the financials (-0.2%) and consumer staples (-0.3%) sectors finished in the Red.

Today, Americans’ views of the US economy and optimism about its future have risen, with 1 Key indicator rising to an 18-year high, according to a recent Gallup poll.

The recent Gallup poll began less than a week after President Trump signed legislation to end the 35-day shutdown and open the government for 3 weeks so lawmakers could negotiate funding for a Border Wall. The latest readings are from a 1-10 February Gallup poll.

In his State of the Union address, President Trump told us about this “unprecedented economic boom” launched under his leadership.

Since he took office, his handling of the economy has been a strength for him relative to other issues, and the latest reading continues that trend, with 52% of Americans approving.

Today, 57% of Americans rate the economy as excellent or good, the highest since January 2001.

On Tuesday, President Trump Tweeted that the stock market would effectively have crashed had he lost the Y 2016 Presidential election.

“Had the opposition party won the election, our Stock Market would be down at least 10,000 points by now. We are heading up, up, up!”

Friday, the major US stock market indexes finished on the highs at: DJIA +181.18 at 26031.81, NAS Comp +67.84 at 7527.57, S&P 500 +17.79 at 2792.63

Volume: Trade on the NYSE came in at 790-M/shares exchanged

  • Russell 2000 +17.9% YTD
  • NAS Comp +13.5% YTD
  • DJIA +11.6% YTD
  • S&P 500 +11.4% YTD

For the week ended 22 February the major US stock market indexes overall outlook is Bullish.

Making and Keeping America Great!

Have a terrific weekend.

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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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