RCM/TIPP Optimism Hits a Nine-Month-High
Hmmmm..... More good news to anger and enrage the emotionally unhinged.
https://www.realclearmarkets.com/ar..._optimism_hits_a_nine-month-high_1214800.html
Consumer sentiment improved for a third straight month in November as the
RealClearMarkets/TIPP Economic Optimism Index, the first monthly reading of U.S. consumer confidence, rose to 48.5 from 46.8 in October, a 1.7-point (3.6%) gain. In its final reading before today's midterm elections, the index reached its highest level since February, and all three of its components advanced. Unlike October, the gains were broad: 17 of the 21 demographic groups we track improved, and optimism rose in every income bracket.
The index has now remained below the neutral 50 mark for fifteen consecutive months, keeping the nation in what we classify as the pessimism zone.
November's reading is 1.0% below the 310-month historical average of 49.0, the closest the index has come to its long-term norm since February.
Investor confidence rose to 64.2 from 62.3 in October, its highest reading since August 2025 and a fifth consecutive month above the neutral 50 mark. Non-investor optimism also improved, rising to 38.9 from 37.2. Investors gained more, however, and the confidence gap widened from 25.1 to 25.3 points. That is the widest separation between the two groups since the index began in February 2001, breaking the record set just last month.
The RCM/TIPP Economic Optimism Index has a strong track record of anticipating the consumer confidence indicators later released by the University of Michigan and The Conference Board. From February 2001 to October 2023, TIPP released this index monthly in collaboration with its former sponsor and media partner,
Investor's Business Daily.