On June 28, 2024 Gallup released the poll results titled “June’s Economic Confidence: Stable And Low.”
Notable excerpts include:
Twenty-five percent of Americans describe current U.S. economic conditions as “excellent” or “good,” up three points from May. However, the percentage rating conditions “poor,” now 48%, also increased slightly, blunting positive movement in the index.
The high proportion of Americans rating the economy as poor continues the dominance of this response in the trend since early 2022.
also:
Americans have also been consistently more negative than positive since May 2021 in their assessments of the economy’s trajectory.
The June 2024 survey finds that about seven in 10 Americans (69%) believe the economy is “getting worse,” while 26% say it is “getting better.” This is essentially unchanged from last month.
Here is an accompanying chart of the Gallup Economic Confidence Index:
_____
The Special Note summarizes my overall thoughts about our economic situation
SPX at 5482.87 as this post is written