Consumer Sentiment

Consumer confidence in the United States experienced a setback in September, as the recent surge in inflation data for August, which exceeded expectations, dampened the previously positive household morale. Preliminary estimates from the University of Michigan reveal that consumer sentiment fell...

The University of Michigan’s latest survey reveals a slight decrease in consumer confidence among Americans compared to July, yet it surpasses expectations. US Consumer Sentiment Broadly Unchanged In August The Michigan Consumer Sentiment Index edged down from 71.6 in July to 71.2 ...

Stocks climbed last week with the S&P 500 rising 1.0% to close at 4,582.23. The index is now up 19.3% year to date, up 28.1% from its October 12 closing low of 3,577.03, and down 4.5% from its January 3, 2022 record closing high of 4,796.56. The market rallied as we were reminded not to...

Last quarter's earnings day moves were 3.6x the average daily move. Will we see more of the same this season? Market   Prices as of 4 pm EST, 7/14/23 Macro The economic rebound in China has failed to meet lofty expectations. In fact, it’s largely disappointed and the latest data...

In the last nearly two years, optimism among U.S. consumers has never been as high as it is now. The preliminary estimates of the University of Michigan Consumer Sentiment Index shows a spike from 64.4 in June to 72.6 in July, markedly beating expectations of 65.5. This also marked the second...

The University of Michigan consumer sentiment reading rebounded in June following a decline in May, as concerns about the debt ceiling crisis faded and the mood was boosted by a strong labor market and elevated stock market gains thanks to AI. The consumer sentiment gauge for June increased from...

The University of Michigan consumer sentiment index experienced a 2.4% increase in April, rising to 63.5 from a downwardly revised 62 in March, and surpassing predictions of 62. Highlights From U-M Report: The index of current economic conditions rose from 66.3 in March to 68.6 in April, up 3.5%....

The latest Consumer Sentiment Report from the University of Michigan is out, and it's showing positive results. Preliminary results from the university’s monthly survey of consumers puts its index of consumer sentiment at 64.6 in January, up from 59.7 in December. Gregory Daco, chief...

According to Bank of America, consumer discretionary spending was up 2.9% in October year-over-year, but down from its September reading of 3.2%. As the holiday season fastly approaches, a Bank of America survey found more than 20% of U.S. consumers intended to spend significantly less...

In October, buying conditions for durables climbed to 23% as prices and supply constraints eased. Consumer durables typically last more than three years, and the easing price conditions can help prop up firms such as YETI Holdings Inc (NYSE: YETI) and Apple Inc (NASDAQ: AAPL) as the...

The Past Week, In A Nutshell What Happened: In light of hopes for a sustained economic rebound, U.S. broad market indices pushed to new all-time highs. Remember This: “[T]he third wave is now hitting the economy harder than we thought and that the damage is likely to keep adding up in coming...

The resiliency of the U.S. economy is now being questioned after Tuesday's economic data report indicates cracks are starting to appear. According to Bloomberg, Tuesday's "abrupt" drop in the Institute for Supply Management's services gauge to a multi-year low represents yet another weak data set...

Connect The Dots The University of Michigan’s Consumer Sentiment dropped from 91.9 to 85.7 – the lowest level in a year. Meanwhile the S&P 500 remains down, -5% year over year and -10% since July. It’s no coincidence that consumer sentiment stumbled at the same time...

U.S. stocks surged on Friday, lifting the Dow and S&P 500 to new all-time high record closes. Investors were treated to news of a surprise stimulus expansion from the Bank of Japan. The Japanese central bank increased its yearly target for monetary expansion to 80-trillion yen ($724 billion...

U.S. stocks rallied on Friday following positive earnings reports from several large-cap multinationals this morning on a relatively light day of market moving news. The Dow traded higher by more than 300 points before giving back some of the gains. The S&P 500 rallied but still posted its...