The confidence index indicates a strong stock market when the
A) ratio of the average yield on high-grade corporate bonds to the average yield on low-grade corporate bonds rises.
B) ratio between the average yield on S&P 500 stocks to the average yield on high-grade corporate bonds rises.
C) consumer confidence index rises above its long-term trend.
D) demand for bonds declines relative to the demand for equity securities.
Answer: A
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