Post-Election Surge: Economy and Record Levels

post-election surge: The consumer confidence index jumped to 113.7 from a revised 109.4 in November, the Conference Board said Tuesday, according to Market Watch. U.S. stock markets SPX, -0.84% have rallied sharply to record levels since the surprise election of Donald Trump in November on the assumption that his administration will be good for business. Trump effect WASHINGTON Market Watch Consumer confidence surged in December to the highest level since 2001, reflecting an improved U.S. economy and anticipation of the incoming Trump administration, especially among older Americans. The economy continues to improve, with the unemployment tumbling below 5%. The post-election surge in optimism for the economy, jobs and income prospects, as well as for stock prices which reached a 13-year high, was most pronounced among older consumers, said Lynn Franco, director of economic indicators at board. The world was gloomy before I won - there was no hope. In a tweet on Monday, the president-elect took credit for the market rally, suggesting that Americans have fresh hope after his victory. (news.financializer.com). As reported in the news.