Jason Goepfert

6-16-2020 at 5:32 pm

Daily Report : Confidence returns to pre-crisis levels; The next 100 days may hinge on Republicans' chances

From a record low reading in March, Dumb Money Confidence has returned to extreme optimism. When Confidence cycles like this, it has typically preceded sketchy shorter-term returns, and other warning signs triggered when Confidence went from one extreme to the other in very short periods of time.; We're about 100 days from the presidential election. Looking at past elections, the summer and fall months had a strong tendency to be positive if the White House remained in Republican hands. But if a Republican ended up losing to a Democrat, the summer was usually a rocky affair.

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