Trump’s Honeymoon Begins: Confidence in the Economy Is Booming

The New York Times reports:

Consumers say they are more confident. Business leaders, once wary, are now expressing excitement that one of their own is headed toward the White House. And Wall Street is bordering on the ecstatic.

A month after Donald J. Trump’s election, a series of pro-business cabinet nominations, along with promises to cut taxes, roll back regulations, invest in infrastructure and negotiate better trade deals, have conjured up the possibility, some executives say, of a “Field of Dreams” economy.

The Standard & Poor’s 500-stock index is up 5.6 percent since the election map turned more red than blue; all the major stock indexes hit records yet again on Friday. Consumer confidence levels released on Friday showed they had jumped to a two-year high.

Much of the swelling confidence, to be sure, is markedly one-sided. A new national survey by the Pew Research Center found that the leap in Republicans’ optimism about the economy’s direction has far outpaced Democrats’ sagging outlook.

A difficult article for the New York Times to write.