{"id":103567,"date":"2017-03-17T09:58:46","date_gmt":"2017-03-17T13:58:46","guid":{"rendered":"http:\/\/countingpips.com\/?p=103567"},"modified":"2017-03-17T06:59:34","modified_gmt":"2017-03-17T10:59:34","slug":"friday-charts-economic-sentiment-reaches-record-high","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/03\/friday-charts-economic-sentiment-reaches-record-high\/","title":{"rendered":"Friday Charts: Economic Sentiment Reaches Record High"},"content":{"rendered":"
March 17, 2017<\/div>
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By WallStreetDaily.com<\/u><\/a> \"\"<\/p>\n

\"Louis
\nDear Wall Street Daily<\/em> Reader,<\/p>\n

It\u2019s Friday. And you know what that means in the Wall Street Daily<\/i> Nation.<\/p>\n

It\u2019s time for our weekly dose of graphics to drive home a point or two.<\/p>\n

This go-round, I\u2019m taking aim at the pessimists.<\/p>\n

As you\u2019ll see in a moment, they\u2019re in short supply, and that could <\/i>have a profound effect on where the economy and the stock market head next. So pay attention\u2026 or miss out!<\/p>

\r\n
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Free Reports:<\/p><\/div>\r\n

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<\/div>\n

Let the Good Times Roll<\/b><\/h2>\n

Optimism can be a powerful economic force. That is, as long as all the good feelings translate into good actions. Like increased capital expenditures and hiring.<\/p>\n

I\u2019m bringing this up because optimism (suddenly) abounds.<\/p>\n

Case in point: In February, 28% of respondents in the University of Michigan Consumer Sentiment survey voluntarily<\/i> mentioned news about the government\u2019s economic policy in a positive light. That\u2019s a record high \u2014 and miles above previous surges, too.<\/p>\n

Clearly, President Trump\u2019s pro-growth, anti-regulation rhetoric is resonating. (Maybe #TrumpLove will go viral soon.)<\/p>\n

\"Part<\/p>\n

If you\u2019re a pessimist \u2014 and tempted to immediately discard this data point as an outlier \u2014 don\u2019t!<\/p>\n

The latest reading of Gallup\u2019s U.S. Economic Confidence Index<\/a> also surged \u2014 up 7 points, to a +16 reading. That\u2019s the highest weekly average in roughly the last decade:<\/p>\n

\"Part<\/p>\n

Again, all these good feelings are meaningless unless they translate into positive action. Time will tell. But I\u2019m feeling optimistic!<\/p>\n

One for the Record Books<\/b><\/h2>\n

Considerable ink is being spilled about the ever-lengthening streak of days without a 1% drop for the S&P 500 index.<\/p>\n

Why? Because we recently crossed the 100-trading-sessions mark, which puts us within spitting distance of the next longest streak at 112 straight days without a 1% decline.<\/p>\n

It\u2019s only a matter of time before volatility returns. As the two-year chart of the VIX volatility index shows, every four\u2013five months, we get a sudden uptick in nervousness:<\/p>\n

\"Wait<\/p>\n

Many believed this week\u2019s Fed decision would cause a spike. Not so much. Rest assured, though, one is coming.<\/p>\n

When it does, the best response isn\u2019t to join the pessimists and panic that a massive sell-off is starting. Instead, we should pounce on the pullbacks in already undervalued securities. If you don\u2019t have any of those on your watch list, we can help.<\/p>\n

Our premium newsletter, True Alpha<\/i>, focuses on finding high-growth, undervalued small-cap stocks. And we\u2019re broadcasting our latest monthly issue later today, with full details on the newest opportunity. Don\u2019t miss out. Sign up here<\/a> for a free trial.<\/p>\n

Smart Investing,<\/p>\n

\"Louis<\/p>\n

Louis Basenese
\nInvestment Director, Wall Street Daily<\/i><\/p>\n

The post Friday Charts: Economic Sentiment Reaches Record High<\/a> appeared first on Wall Street Daily<\/a>.<\/p>\n

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 <\/p>\n","protected":false},"excerpt":{"rendered":"

By WallStreetDaily.com Dear Wall Street Daily Reader, It\u2019s Friday. And you know what that means in the Wall Street Daily Nation. It\u2019s time for our weekly dose of graphics to drive home a point or two. This go-round, I\u2019m taking aim at the pessimists. As you\u2019ll see in a moment, they\u2019re in short supply, and […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-103567","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/103567","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=103567"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/103567\/revisions"}],"predecessor-version":[{"id":103571,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/103567\/revisions\/103571"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=103567"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=103567"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=103567"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}