Businesses optimistic about future demand, more willing to invest, regardless of any fiscal stimulus from the incoming administration.
United States IBD/TIPP Economic Optimism Index
IBD/TIPP Economic Optimism Index measures Americans’ opinions and outlooks on the economy.
The index is based on a nationwide survey and evaluates six-month economic outlook, personal financial outlook, confidence in federal economic policies.
The IBD/TIPP Economic Optimism Index rose to 54.8 in December 2016 from 51.4 in November after Trump election win, better than market expectations of 52.3. It was the highest figure since November 2006.
Measures of Economic Optimism Are Shooting Up All Over the Place After Trump’s Win
- The National Association of Homebuilders’ index of sentiment
- The University of Michigan’s December index of consumer confidence
- The National Federation of Independent Businesses’ index of optimism
Through out the article Bloomberg tries in a sophisticated way to knock NOW President Trump, even with negative videos but cannot deny the confidence shown in the markets and enthusiasm of hard core business associations.