The public was practically giddy with hope that the economy would improve and Wall Street would jump as President Donald Trump took office and before he announced new world trade sanctions that tanked the market on Monday.
In a new survey on Monday, Gallup said expectations for economic growth were at a seven-year high and a record high for stocks.
“Americans’ current outlook on the stock market is the most optimistic Gallup has recorded, while the percentages expecting interest rates, unemployment, and inflation to worsen are among the lowest,” said a hopeful Gallup analysis of the survey taken shortly before Trump took office.