According to Gallup, there are signs of global trust in the economy.
But as the markets plunge, the number of Americans who say that their financial situation worsens has just struck a 53%record, marking the first time since 2001 that a people expressed financial pessimism.
De Gallup:
More particularly, since January, the prospects of six months of Americans for economic growth and the stock market has gone from the positive to the negative, while their inflation, interest and labor market forecasts have hidden.
In accordance with these changes, the annual reading of Gallup on the evaluation by the Americans of their personal finances shows a record of 53% believing now that their situation is getting worse. This marks the first time in the trend dating from 2001 that a majority expressed financial pessimism.
Despite these changes, Gallup’s economic confidence index was held stable, the April -22 score is not significantly different from -20 of March and January -19, although it is down by a reading of -14 in December.
These results come from the annual survey on the Economy and Personal Finance of Gallup, carried out from April 1 to 14. Most of the survey was carried out after President Donald Trump announced what he called the “Liberation Day” tariffs on many countries on April 2.
Wall Street weakened on Monday as investors around the world became more skeptical of American investments due to the Trump trade war and its criticism of the federal reserve, which shake the traditional order.
The S&P 500 sank 2.4% in another paper. Which pulled the index which is at the center of many 401 (K) accounts 16% below its record established two months ago. The industrial average of Dow Jones fell 971 points, or 2.5%.
Perhaps more worrying, US government obligations and the value of the US dollar also sank while prices retired to the US markets. It is an unusual decision because the very reaches and the dollar have historically strengthened during episodes of nervousness. This time, however, it is politicians directly from Washington that cause fear and potentially weaken their reputation as some of the safest investments in the world.
Tuesday, the S&P 500 increased by 2.4% late. The industrial average of Dow Jones increased by 996 points, or 2.6%, with an hour remaining in trading, and the NASDAQ composite was 2.7%higher.
The value of the US dollar has also stabilized after slipping against the euro and other competitors, while the yields of the treasury remained more strict as more calm returned to the financial markets. Acute and unusual movements for the dollar and for treasures have recently raised concerns that Trump policies make investors more skeptical about the reputation of American investment as the safer in the world.
The Associated Press contributed to this report.
