The stock market rally pushing the S&P 500 to all-time highs lifted the personal financial outlook among investors to a new record, the July IBD/TIPP Poll finds. Yet rising financial stress, as stimulus fades and inflation percolates, is weighing on U.S. economic optimism.
The IBD/TIPP Economic Optimism Index, an early monthly read on consumer confidence, slipped 2.1 points to 54.3 in July, the lowest since February. Readings above the neutral 50 level reflect optimism. CONTINUED
Jed Graham, Investor’s Business Daily