The Animal Spirits Index jumps in June

Wells Fargo Research Team Wells Fargo

Summary

Our Animal Spirits Index (ASI) jumped in June to 0.40 from 0.22 in May, notching its fourth consecutive month in positive territory. Four of the five components contributed positively on the month, indicating widespread optimism. Much like the broader recovery, the ASI's turnaround is the fastest in decades, with the index returning to positive territory after just 12 months. By comparison, the ASI took 75 months to turn positive after the Great Recession and 33 months from the 2001 recession.

Source: Wells Fargo Securities

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Wells Fargo Research Team

Wells Fargo

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