According to Bloomberg's latest survey, confidence among Americans climbed to a 20-year high amid record optimism about personal finances and the buying climate.
Bloomberg’s index of consumer comfort rose 1.3 points to 67.3 - the highest since the peak of the DotCom bubble in 2000...
Additionally, Bloomberg's measures of finances and buying were the strongest in more than 34 years of weekly surveys.
And everyone's in... The composition of the comfort survey showed broad-based gains as several sub-indexes advanced to records, including measures for those ages 45-54, home owners, married individuals and full-time workers. The category for high-school graduates jumped 3.1 points to match a previous peak.
Even Democrats are coming around... The comfort reading for Republicans rose 1.2 points to a record 82.7, a sign they’re looking past President Donald Trump’s impeachment proceedings, though measures for Democrats and independents advanced even more on the week, notching gains of about 2 points.
That is the highest level of comfort among Democrats since 2001!
We suspect, with things as good as they have ever been... ever... that this will not end well.