“The IBD/TIPP Economic Optimism Index vaulted 5.4 points to 55.7 in early March, the biggest one-month jump since 2012,” Investor’s Business Daily reported on Tuesday.
Key takeaways from the press release
- Economic optimism at the start of March seemed to finally catch up to the Dow Jones and broader stock market rally that began just after Christmas.
- Among self-described investors, economic optimism surged to 59.2 from 52.3.
- The six-month outlook gauge for the economy jumped 7.1 points to 51.6. That’s after falling in February to the lowest since September 2016.
- The six-month personal financial outlook index rose 2.6 points to 62.6.
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