Americans continue to feel better about inflation and the economy. Thanks Bidenomics!

J

Joe Capitalist

Racism is a disease
Americans continue to feel better about inflation and the economy

Updated 11:55 AM EDT July 28, 2023
Washington, DC

https://apple.news/AQhUcJsQuRPaQBhhS5PbyGQ

US consumers have been feeling a whole lot better this summer as inflation has continued to slow.

Consumer sentiment tracked by the University of Michigan rose 11% in July from the prior month, reaching its highest level since October 2021, according to a final reading of the month's data. That's a huge improvement from June 2022, when consumer sentiment fell to its lowest level on record and inflation reached a four-decade high of 9.1%.
Americans' expectations for inflation rates in the year ahead inched up to a 3.4% rate, "well below the high point of 5.4% from April 2022 but above the 2.3%-3.0% range seen in the two years prior to the pandemic," according to a release.
"Overall, the sharp rise in sentiment was largely attributable to the continued slowdown in inflation, along with stability in labor markets," said the University of Michigan's Director of Surveys, Joanne Hsu, in a release.

MAGA soils diapers.
 
Stocks rose on Thursday, with the Dow Jones Industrial Average on track to notch its longest winning streak in over 126 years.

Siegel also acknowledged his view of the Fed has shifted, after being a loud critic of its monetary policies and warning that high rates could overtighten the economy into a recession.
But the economy looks to have stayed resilient over the last year, despite the Fed's aggressive tightening. He*cited trends in commodity prices, housing prices, and money supply, which have stopped going down and are now stabilizing.*
"Those very high rates that scared me and the market earlier on in the year don't seem to be having as much of a negative effect as I had figured," he added. "And that combined with the fact that Powell now is saying, 'I'm going to look at both sides of the equation,' is very positive for the market."*
 
Inflation and other positive signs, a lot of the issues the GOP was aiming to focus on in 2024 are fading, at this point, still year and half out, crime will be the one thing they, and especially the right wing media, will hammer

I always believed polls of Americans on the economy are inane, when was the last time they said the economy was great, it is natural for us to be cynical regarding economics. For example, you can watch a major sporting event on TV, whose tickets normally aren’t cheap, yet the arena is full, and guarantee if you asked those attendees who payed the money to attend after the game what they think of the economy they would say it sucked.
 
archives said:
Inflation and other positive signs, a lot of the issues the GOP was aiming to focus on in 2024 are fading, at this point, still year and half out, crime will be the one thing they, and especially the right wing media, will hammer

I always believed polls of Americans on the economy are inane, when was the last time they said the economy was great, it is natural for us to be cynical regarding economics. For example, you can watch a major sporting event on TV, whose tickets normally aren’t cheap, yet the arena is full, and guarantee if you asked those attendees who payed the money to attend after the game what they think of the economy they would say it sucked.
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Very true about consumer sentiment. But the Stock Market is up. Unemployment is under 4% and Inflation is down.
Those are three metrics that are in Americans favor.

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Dow Jones Futures Rise As Market Rally Powers Higher
ED CARSON08:12 AM ET 07/31/2023

The stock market rally showed strong action in the past week, amid a massive wave of earnings, a fresh Fed rate hike and big economic data.

Apple and Amazon report Thursday night on what will be another big week of earnings. AAPL stock ended the week at an all-time closing high. Amazon stock made a bullish bounce from the 10-week moving average. That would be actionable, but upcoming earnings raised the risks. SHOP stock is close to an aggressive entry, with Shopify earnings due early Wednesday.

On Semiconductor (ON) reported better-than-expected Q2 results early Monday. ON stock popped before the open, signaling a record high.

Meanwhile, Microsoft (MSFT) and Tesla stock have forged new buy points, though Tesla (TSLA) reportedly is set to cut prices in Hong Kong.

In addition to AMZN stock, Shopify, Microsoft and Tesla, here are five more near buy points: video-based streaming safety firm Samsara (IOT), oil services giant SLB (SLB), chipmaker Marvell Technology (MRVL), chip design firm Synopsys (SNPS) and Tesla archrival BYD (BYDDF).

Tesla and SHOP stock are on IBD Leaderboard. SNPS stock is on SwingTrader. Microsoft stock is on the IBD Long-Term Leaders list. Tesla and IOT stock are on the IBD 50. TSLA stock is on the IBD Big Cap 20.
 
Keynes was correct that a government can manage an economy if they use facts and take the proper steps



Every time the right screws us with deregulation and tax cuts for the corporate class


Democratic Party members fix that mess with Keynesian economic theory




The Republican Party is not the fiscal Party no matter who helps them repeat that blatant lie
 
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