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The American consumer ended 2023 with a burst of economic good cheer, relatively speaking. (Which is to say: happier than they were a few months ago, not as happy as they were a few years ago.) Even better, they expect the good times to continue into 2024, for both themselves and the nation.
They’re right: There is ample reason to be optimistic about the US economy.
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The biggest factor arguing for improved sentiment is that the Dow Jones Industrial Average and Nasdaq reached record highs in December, and the S&P 500 is on the verge of doing so. Progressives like to point out that the stock market is not the economy. But it is a frequently updated, highly…