Bubble watch: California optimism up 4 straight months

Bubble Watch” digs into trends that may indicate economic and/or housing market troubles ahead.

Buzz: California optimism is on the rise, with a statewide confidence index up four straight months.

Source: The Conference Board’s monthly polling of shoppers to create various consumer confidence indexes, including one for California.

The Trend

Shoppers seem to be largely ignoring short-run challenges to the start of 2022, from a persistent pandemic to choppy financial markets.

The overall statewide index was 122.1 in January — up from a revised 120.9 a month earlier and up from 88 a year ago. That’s a 1% one-month gain and a 39% gain over 12 months.

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