12 Signs Of Extreme Optimism In America Now That Donald Trump Has Been Elected
ZeroHedge ^ | ZeroHedge
Posted on 11/24/2016, 2:47:33 PM by quesney
And instead of feeling gloomy about the future, many Americans are feeling really good about what is ahead for the first time in a very long time.
The following are 12 signs of extreme optimism in America now that Donald Trump has been elected…
#1 The U.S. dollar is once again the strongest currency in the world. It has soared in value since Trump’s stunning election victory and on Wednesday the U.S. dollar index hit the highest level that we have seen since March 2003.
#2 Stocks continue to skyrocket in the aftermath of Trump’s win. On Wednesday, the Dow Jones Industrial Average closed at a brand new all-time record closing high of 19083.18.
#3 The University of Michigan’s consumer expectations index has hit the highest level in 18 months.
#4 The percentage of Americans that believe that the U.S. will experience “continuous good times” over the next year has risen to 46 percent, which is up 11 percent from the reading in October.
#5 Some other newly released numbers show that U.S. consumers are the most optimistic that they have been in a decade…
According to the latest report, in some cases, Americans are the most hopeful they have been in more than a decade. For the first time since 2006, 37 percent of households said they expect their personal finances to improve in 2017. Also hitting decade highs: real income expectations, as wage growth continues to gain strength in a broadening swath of the economy.
#6 Investor optimism about stock prices has risen to the highest level in 21 months.
#7 U.S. manufacturing PMI has hit the highest level in 13 months.
#8 The number of U.S. oil rigs in operation has hit a 10 month high.
#9 The Federal Reserve appears to think that the U.S. economy is now “strong enough” for a hike in interest rates in December.
#10 Now that Trump has won, gun stores are reporting that sales are down significantly as Americans embrace a more positive outlook regarding the future.
#11 A new Gallup poll has found that 51 percent of Americans have become “more confident” in Trump’s ability to lead the country since the election, and only 40 percent have become “less confident”.
#12 As I discussed just a few days ago, Gallup has also found that the percentage of Republicans that believe that the U.S. economy is “getting better” jumped from 16 percent just prior to the election to 49 percent after the election.
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