US DATA: July IBD/TIPP Economic Optimism Index +0.3..

US DATA: July IBD/TIPP Economic Optimism Index +0.3 pts, or +0.6%,
to 47.0 as oil prices fell and stocks rose. Nevertheless 2 of three
components declined, and the text blamed a worse jobs situation (survey
says 28% of HH’s have at least one member unemployed). In components,
Six-Month Economic Outlook -2.6% to 45.6, and Personal Financial
Outlook -1.8% to 55.1. But Confidence in Federal Economic Policies
improved 3.2 points, or +8.6%, to 40.3, and that was the reason the
overall index rose.