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Economy
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The Latest IBD/TIPP Poll Shows Rare 9.9% Drop in Economic Optimism as Coronavirus Spreads

LOS ANGELES -- March 3, 2020 -- The IBD/TIPP Economic Optimism Index, a leading national poll on consumer confidence, experienced a near double-digit decline (9.9%) in March, just one month after reaching its highest point in 16 years. On top of this month’s 9.9% overall drop, the index’s Six-Month Economic Outlook component fell by 16.1%. This is the largest percentage drop within a month since October 2013. Despite this and because the index had hit such a high in February 2020 (59.8), March still yielded a reading of 53.9, maintaining its record run in positive territory for the 42nd consecutive month. An index reading below 50.0 for the IBD/TIPP indexes indicates pessimism.

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Consumer Confidence Catapults to a 16-Year High On Trade Progress and a Solid Job Market: TechnoMetrica Survey

Americans’ confidence in the economy climbed to its highest level in more than 16 years this month, buoyed by recent breakthroughs on trade, strong job growth, low-interest rates, and record gains in stocks, according to the latest reading of the Investor’s Business Daily/TIPP Economic Optimism Index, a leading indicator for the health of consumer spending and the economy. Also, February marks the index’s 41st consecutive month in optimistic territory, suggesting that U.S. consumers will continue to power the economy forward in the months ahead.

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Economic Optimism Took Off — Just As Coronavirus Hit: IBD/TIPP

Optimism over the U.S. economy surged to a 16-year high in late January, the latest IBD/TIPP Poll found. The U.S. economy couldn't be in much better shape to weather the emerging coronavirus threat or support President Donald Trump's reelection prospects. Support for federal economic policies hit the highest level since mid-2002.

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Economic Optimism Grows Overall, Hitting Highest Mark Since January 2004, According to the Latest IBD/TIPP Poll

LOS ANGELES -- February 4, 2020 -- The IBD/TIPP Economic Optimism Index, a leading national poll on consumer confidence, maintained its positivity in February, rising another 4.2% to 59.8. This is the highest reading for the Economic Optimism Index since it reached 60.6 in January 2004. Despite a slight decline on the Personal Financial Outlook component, the index maintained its record run in positive territory, remaining above 50.0 for 41 consecutive months. An index reading below 50.0 for the IBD/TIPP indexes indicates pessimism.

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U.S. Auto Demand Gains Momentum Amid a Roaring Economy and Lower Interest Rates: TechnoMetrica Survey

New vehicle demand accelerated to its best January on record, as decades-low unemployment, strong wage growth, falling interest rates, and relatively cheap gas prices embolden Americans to continue spending on new cars, despite sky-high prices, according to this month’s reading of TechnoMetrica’s Auto Demand Index.

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Stock Market Roars On Bullish Trade, Econ News; Dow Extends Winning Streak To Fourth Day

The stock market moved up sharply, shrugging off the impeachment drama and instead focusing on two new trade deals and a raft of bullish economic data. Leaderboard stock Advanced Micro Devices (AMD) and other chipmakers rose, along with cellphone and streaming entertainment heavyweight Apple (AAPL).

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Report: Public Confidence in Boeing Hits Turbulence

The American public remain wary of the Boeing 737 Max almost two years after the aircraft was first grounded following two crashes within five months of each other that caused hundreds of deaths, according to a report from TechnoMetrica for Investor's Business Daily.

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Economic Optimism Rises As Trump Policies Get Thumbs Up: IBD/TIPP

The IBD/TIPP Economic Optimism Index hit a 10-month high in January, as low interest rates and a China trade deal lifted the Dow Jones and broader stock market to new record highs. All the good news for the Trump economy boosted support for federal economic policies to a 16-year high.

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Latest IBD/TIPP Poll Shows Economic Optimism Holding Strong to Kick Off 2020

LOS ANGELES -- January 14, 2020 -- The IBD/TIPP Economic Optimism Index, a leading national poll on consumer confidence, continued to reflect positivity in January, rising 0.7% to 57.4. Despite a slight decline on the Six-Month Economic Outlook component, the index maintained its record run in positive territory, remaining above 50.0 for 40 consecutive months. An index reading below 50.0 for the IBD/TIPP indexes indicates pessimism.

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Beyond the Tesla Hype: An EV Market Ripe for Competition

Tesla is miles ahead of the competition when it comes to the brands Americans associate with electric vehicles, largely reflecting the pioneering automaker’s ability to captivate the public imagination with its innovative technology and vision, according to a recent nationwide survey conducted by TechnoMetrica. However, while Tesla has a commanding hold on the hearts and minds of consumers, particularly more affluent Americans, our study suggests that established car manufacturers are well-positioned to convince mainstream buyers to leap into the EV market.

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Stock Market Forecast 2020: Clear Skies From Fed, China Trade, But Election Clouds Loom

The stock market forecast for 2020 looks bright to start the new year. The Dow Jones Industrial Average, S&P 500 and Nasdaq composite hit record high after record high in late 2019. The stock market rally kicked into higher gear as the Fed switched to cutting rates and a China trade war truce took hold.

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China Trade Deal, Dow Jones At Record Highs Fuel Economic Optimism

The IBD/TIPP Economic Optimism Index rose in December to its strongest level since May as the Dow Jones and broader stock market rally hit fresh highs on a finalized first-phase China trade deal. Americans' economic outlook turned positive for the first time in five months.

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