U.S. consumer confidence edged higher in January, continuing its optimistic streak for the 40th month in a row, according to the latest reading of the Investor’s Business Daily/TIPP Economic Optimism Index, a leading indicator for the health of consumer spending and the economy in the U.S. This month, the index increased by 0.4 point, or 0.7 percent, to a score of 57.4, the highest since May 2019, lifted by recent progress in the United States-Mexico-Canada Agreement (USMCA) and China trade deals, a roaring stock market, and a strong labor market. In addition, two of the three index components TechnoMetrica tracks on a monthly basis improved from the previous month, with the Confidence in Federal Economic Policies subindex climbing to a more than 16-year high in January.
Former Vice President Joe Biden remains ahead of the Democratic primary field, although his lead has softened over the past month, as Senator Elizabeth Warren regains momentum, according to the national Investor’s Business Daily/TIPP Poll for January. Biden topped the list with support from 26 percent of Democratic or Democratic-leaning voters, identical to the level recorded in December. Warren moved back into second place this month, garnering a 20 percent share of voters, up from 14 percent in December. Meanwhile, support for Senator Bernie Sanders eased somewhat in January, from 18 percent to 15 percent. Rounding out the top five were South Bend, Ind. Mayor Pete Buttigieg, at 9 percent, and former New York City Mayor Michael Bloomberg, at 7 percent. In terms of hypothetical general election matchups, our poll shows each of the top-tier Democratic candidates locked in a statistical dead heat with President Donald Trump, suggesting that recent tensions with Iran may have taken a slight toll on the president’s standing when it comes to the 2020 election. Biden holds a two-point lead over Trump, by a 48 percent to 46 percent margin. Bloomberg also edges Trump by two points, 47 percent to 45 percent. Meanwhile, Sanders and Buttigieg both lead Trump by one point in the January poll, by margins of 48 percent to 47 percent and 47 percent to 46 percent, respectively. Finally, Warren was the sole Democratic candidate to fall to Trump, who leads the Massachusetts senator 47 percent to 46 percent.
While former Vice President Joe Biden remains the front-runner in the race for the Democratic presidential nomination, Senator Elizabeth Warren is gaining ground, largely due to growing support among left-leaning Democratic voters, according to a Newsmax analysis of the January IBD/TIPP Poll. Biden leads the field with 26 percent support among Democrats, which is unchanged from December. Warren came in second, with the backing of 20 percent of Democratic or Democratic-leaning voters, up from 14 percent the previous month. Meanwhile, support for Senator Bernie Sanders dipped by three points in January, from 18 percent to 15 percent. South Bend, Ind. Mayor Pete Buttigieg and former New York City Mayor Michael Bloomberg rounded out the top five, at 9 percent and 7 percent, respectively. When it comes to head-to-head matchups, each of the top Democratic contenders are running neck-in-neck with President Trump in the January poll, with Warren the lone contender trailing the president this month (47 percent to 46 percent). In the article, Sandy Fitzgerald of Newsmax also recognizes the IBD/TIPP Poll's proven track record for polling accuracy, highlighting our achievement in correctly calling the outcome of each of the last four U.S. presidential elections.
President Donald Trump fared well in the latest IBD/TIPP Poll, which finds growing opposition to impeachment and majority support for the recent U.S. airstrike against a top Iranian general, observes Jed Graham of Investor’s Business Daily. Half (50 percent) of Americans now oppose the impeachment of President Trump and his removal from office, while 47 percent support this course of action, according to the January poll. Last month, the public was evenly divided on the impeachment question, 49 percent to 49 percent. With regards to the recent U.S. drone attack that killed Iranian Quds Force commander Qassem Soleimani, 52 percent of Americans support the action and 42 percent are opposed. President Trump also receives high marks for his handling of the economy, with 50 percent assigning him a grade of 'A' or 'B.' Meanwhile, Trump's approval rating dipped slightly this month, from 44 percent in December to 43 percent in January.
While Tesla enjoys a commanding lead in the EV market today, established automakers have a unique opportunity to capture a significant share of mainstream consumers, who have yet to warm up to electric vehicles, according to a recent TechnoMetrica study on EV brand awareness. In terms of the brand Americans think of first when it comes to electric vehicles, Tesla is laps ahead of its competitors, garnering close to one-half (47 percent) of respondents. Toyota followed in a distant second place, with a top-of-mind awareness score of 13 percent. Chevrolet and Honda were each cited by 3 percent of respondents, while both Ford and Nissan amassed 2 percent of top-of-mind awareness. No other automotive brand received more than 1 percent in our study. Despite Tesla’s dominance, our research shows that the everyday vehicle buyer has not been completely won over by the electric vehicle maker. For instance, while awareness of Tesla is robust among the wealthiest Americans, lower-income households were much less likely to recall the brand. In addition, Tesla has yet to capture the hearts and minds of most women, as just 39 percent of female respondents associated Tesla with electric vehicles off the top of their minds, compared with 57 percent of men. Thus, supported by the trust and recognition already built into their brands, established automakers have a strong potential to beat Tesla in the race for the mainstream consumer, if they can effectively market their EVs as affordable alternatives to Tesla models.
Each quarter, the National Association of Realtors and TechnoMetrica collaborate on a study measuring Americans’ sentiment towards the housing market, covering such topics as consumer views on whether now is a good time to buy or sell a home and changes in home prices. In the fourth quarter of 2019, Americans remained highly upbeat about the state of the U.S. housing market, reflecting continued strength in the economy, according to our latest survey. Nearly two-thirds (63 percent) of consumers say that now is a good time to buy a home, which is unchanged from the previous quarter. One-third of Americans strongly believe that now is a good time to buy, while 30 percent hold this view moderately. With regards to current conditions for selling a home, close to three-quarters (74 percent) of surveyed respondents reported that now is a good time to sell, with 43 percent feeling this way strongly. In terms of trends in home prices, 64 percent of consumers say that prices in their communities have increased over the past 12 months, while 30 percent believe that prices have stayed the same, and just 6 percent feel that they have gone down.
In his outlook for the stock market in 2020, Jed Graham of Investor’s Business Daily expects the market to continue its momentum into the new year, fueled by a strong economy, easing U.S.-China trade tensions, and the Federal Reserve’s loosening monetary policy. In addition, Graham perceives President Trump’s improving reelection prospects as a possible tailwind for stocks, since policies enacted by a Democratic president may be disruptive to businesses. The article highlights the results of the December IBD/TIPP Poll showing Trump leading all top-tier Democratic presidential candidates, with the exception of former Vice President Joe Biden. In fact, as Graham points out, Trump has even gained ground on Biden over the past month, cutting the former vice president’s lead from a margin of 10 points in November to five points in December.
Chuck Lehmann of Canada Free Press perceives a U.S. culture that is rapidly deteriorating. Lehmann sees this cultural decline manifested in the growing incivility in American political discourse, particularly in the hostility towards President Donald Trump. In his article, Lehmann notes that while the media widely expected Hillary Clinton to win the 2016 presidential election, the IBD/TIPP Poll was one of just two polls to call the election correctly for Trump.
Each month, Investor’s Business Daily and TechnoMetrica produce the IBD/TIPP Economic Optimism Index, a closely-watched indicator of U.S. consumer confidence. In December, Americans' sentiment towards the economy reached its highest level in seven months, amid continued strength in the labor market. The Index climbed 4.1 points, or 7.8 percent, this month to a reading of 57.0, the highest since May. This extends the Index’s record run of consecutive readings in positive territory (above 50) to 39 months. In addition, consumers were more optimistic about the prospects for the economy in the near term, as the Six-Month Economic Outlook component returned to positive territory for the first time since August, climbing six points, or 12.8 percent, in December, to a seven-month high of 53.0.
Recent polling on the 2020 presidential election shows former Vice President Joe Biden enjoying a broad base of support within the Democratic Party, notes Jennifer Rubin of The Washington Post. In the following article, Rubin cites Biden’s overwhelming support among moderate Democratic voters in the IBD/TIPP Poll for December.