More signs that the Economic Train 🚂 will not be stopped by Muh Russia, the Uniparty, MSM, CoC, Big Club, China 🇨🇳, Globalist and anyone else that is trying to fight our President’s agenda. When your entire agenda is dedicated to Making America Great Again, your enemies will lose and lose BIGLY!
From the article linked above:
– Index rises to +138, highest since +147 in September 2000
– Hike is latest in 98-point rise since February 2016
– 68% optimistic about stock market — tied for highest percentage on record
A new surge of optimism among U.S. investors has pushed the Wells Fargo/Gallup Investor and Retirement Optimism Index to its highest level since September 2000. The index, after rising in every quarter since the start of 2016, leveled off in the second quarter at +124 before rising to its current +138 in the third quarter.
The latest boost in optimism pushes the index almost 100 points higher than the +40 score measured in February 2016. The 98-point hike over the past 18 months is the largest increase in the 20-year history of the index that is not a rebound immediately after a major drop in optimism.
One of the key factors in the robust third-quarter index is investors’ growing confidence in the stock market.
Sixty-eight percent now say they are optimistic about the stock market’s performance during the next year, matching the record high for the question from December 1999 and January 2000.
At least 61% have expressed optimism about the stock market in each of the three surveys this year, a percentage matched or exceeded only four other times in the 132 times the question has been asked since April 2000.
Twenty-five percent say they are “very optimistic,” topping the previous record high of 24% from the first quarter of this year. Only 11% were very optimistic a year ago.
Sixty-one percent of investors now say it is a good time to invest in the stock market, up from 53% two years ago.
Retiree Investors More Optimistic Than Nonretirees
Optimism has risen considerably more among retired investors this year than among nonretired investors. In the first-quarter survey, the index was similar among retirees (+124) and nonretirees (+127). Now retirees are considerably more optimistic than nonretirees, +158 versus +130. While nonretirees’ ratings of the personal and economic components have moved little this year, both have risen significantly for retirees.