FYI: he post-election surge in individual investor optimism continued this week as AAII Bullish Sentiment increased from 46.7% up to 49.9%. So after finally breaking above 40% for the first time in 54 weeks last week, now it is testing 50%! This week’s increase in bullish sentiment is the highest weekly reading since January 2015 and the largest three-week increase (26.25 percentage points) in over six years. Think about it this way — in the last three weeks, bullish sentiment has more than doubled!
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/bull-camp-expands-for-third-straight-week/AAII Website:
http://www.aaii.com/sentimentsurvey
Comments
The final index of consumer sentiment for November jumped to 93.8 from a preliminary reading of 91.6, according to a report released on Wednesday.
This report took on added significance because it showed results of the first postelection survey.
"The initial reaction of consumers to Trump's victory was to express greater optimism about their personal finances as well as improved prospects for the national economy," said Richard Curtin, the survey's chief economist.
Curtin said the survey showed that the improved optimism was widespread — across all income and age subgroups across the country. However, it may have been exaggerated by a sense of relief that the election was finally over he said.
http://www.businessinsider.com/umich-consumer-confidence-november-23-2016-2016-11
Final Results for November 2016
2016 Y-Y vs 2015 % Change
Index of Consumer Sentiment 93.8 +2.7%
Current Economic Conditions 107.3 +2.9%
Index of Consumer Expectations 85.2 +2.8%
...and it was perhaps exaggerated by what most considered a surprising victory as well as by a widespread sense of relief that the election had finally ended. To be sure, no surge in economic expectations can long be sustained without actual improvements in economic conditions. Presidential honeymoons represent a period in which the promise of gains holds sway over actual economic conditions.
http://www.sca.isr.umich.edu/
Image source:
Consumer confidence rose more than previously reported to a six-month high in November, showing Americans became more optimistic about their finances and the economy after Donald Trump won the presidential election.
by Patricia Laya Bloomberg News
November 23, 2016 — 9:00 AM CST
http://www.bloomberg.com/news/articles/2016-11-23/consumer-sentiment-in-u-s-jumps-after-trump-election-victory