List of numbers: After Donald Trump won the election, Republicans felt more confident, but Democrats’ hopes were dashed, so by the end of November, consumer mood hadn’t changed much.
U of M said Friday that the second of two readings of shopper sentiment in November fell from 73 earlier in the month to 71.8.
This month, feelings reached their highest level in seven months, but they’re still low compared to other times in history.
No matter how Americans feel about politics, they have continued to spend at levels that are good for a strong economy. According to economists, that won’t change as the Christmas shopping season starts.
Americans believe that the economy will get better in the next six months, but the poll shows that they are not sure what the effects of Trump’s policies will be.
Some of the new poll was filled out after the election.
In 2024, the economy grew faster than expected, and there aren’t many signs that it will slow down soon.
It’s too early to tell how Trump’s policies will impact the business, but so far, the financial markets have been positive.
What’s next: CIO at Plante Moran Financial Advisors Jim Baird said, “For now, call it a split decision in boxing terms.” “The policies that are actually put in place and how they affect trade, growth, inflation, and the job market will be much more important next year.”
As a result, the Dow Jones Industrial Average (DJIA) went up by 0.64% and the S&P 500 (SPX) went up by 0.21% on Friday.
