Americans are a little more optimistic about the outlook for the U.S. economy as vaccinations pick up speed and Covid cases come off their peak. The IBD/TIPP Economic Optimism Index, an early monthly read on consumer confidence, gained 1.8 points to 51.9 in February. Readings above the neutral 50 level reflect optimism.
Consumer confidence rose in consecutive months for the first time since February 2020, just before alarm grew over the spread of the coronavirus in the U.S. … Stimulus and vaccine optimism are helping to buoy consumer confidence as Americans look past the current weakness in the U.S. economy. CONTINUED
Jed Graham, Investor’s Business Daily