Confidence is abounding as we get closer and closer to a Trump Presidency!
And now the experts are confirming it.
First the stock market soared.
Then consumer confidence skyrocketed.
Now it looks like the Trump Effect will lead to a huge economic boom in 2017 and beyond!
So much winning!
More, from the Washington Examiner:
The Trump effect on Wall Street has grown even more broadly since his election as president and should propel stocks to higher levels next year, according to one of the nation’s leading banks and polling services.
What started with GOP confidence in the economy, has now spread to more investors who have registered the greatest expectation of making money in nine years, dating all the way back to the Bush administration.The survey gave the election of President-elect Trump some credit. “While Republican exuberance about Donald Trump‘s victory may explain some of this, the fourth-quarter jump only added to long-term gains in confidence — particularly in optimism about unemployment — that should provide a good foundation to build on in 2017,” it said.
The survey joins others that have charged growing confidence in the economy after Trump’s election.
Highlights from the survey:
Of the seven elements that form the index, investors are the most confident this quarter about maintaining or increasing their income over the next 12 months — 69% are optimistic about this while 15% are pessimistic, for a +54 net optimism score.
Investors are nearly as hopeful about reaching their five-year investment goals, with 68% optimistic. Slightly fewer are optimistic about achieving their 12-month investment targets (58%) and in their 12-month outlook for U.S. economic growth (57%) and stock market performance (54%).
Net optimism about the unemployment rate is just a notch below investors’ outlook for the economy and stock market, while investors are split in their outlook for inflation.