With stocks at record highs and President Trump gloating at the "record strength" of the US economy, it appears confidence is coming back as sentiment among Republicans reached an all-time record high in the latest Bloomberg Consumer Comfort Index.
That's quite a red wave...
The peak spread in confidence between Democrats and Republicans occurred in July 2004 (heading into George W Bush's 2nd term election)... President Trump is currently very close to that peak...
Additionally, Gallup reports forty-five percent of Americans now have a favorable view of the Republican Party, a nine-point gain from last September's 36%. It is the party's most positive image since it registered 47% in January 2011, shortly after taking control of the House in the 2010 midterm elections. Forty-four percent give the Democratic Party a favorable rating.
We note that Independents are well, independent, with sentiment soaring to its highest since Dec 2000...
As Bloomberg highlights, political independents have split from Democrats and grown more optimistic as the economy has forged ahead.
More at: https://www.zerohedge.com/news/2018-...rs-record-high
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