The IBD/TIPP Economic Optimism Index in the US jumped to 55.2 in October of 2020 from 45 in September, reaching the highest since February and close to pre-pandemic levels. The personal finances subindex jumped 7.2 points to 58.9, strongly optimistic. The federal policies subindex surged 10.9 points to 52.6, the biggest jump since the aftermath of the September 11 attack. Meanwhile, the six-month outlook for the US economy soared 12.6 points to 54.1, remaining moderately optimistic. The monthly gain was the biggest since November of 2008.
