US DATA: Oct IBD/TIPP Economic Optimism Index +0.4 pt, or +1.0%, to 40.3
vs 39.9 in Sept. In Aug, the index had crashed to its historic low of
35.8 ans is “still vulnerable” based on worries about govt. Two
components improved in Oct – personal finl outlook +0.3 and confidence
in govt policies +0.9. The Six-Month Economic Outlook decreased 0.2 pt
to 36.7. This sub-index was 32.1 when the economy entered the last
recession in Dec 2007.