Consumer Confidence Bounces In May, ‘Present Situation’ Highest In 17 Years

Confidence in the ‘present situation’ reached its highest since March 2001, and thanks to a downward revision in April, May’s ‘future expectations’ bounced modestly leaving the headline just shy of cycle peaks… Consumer confidence rose to a three-month high in May, according to a report…

Stocks Are Suddenly Tanking As Market Confidence Crashes

It’s deja vu all over again… Americans’ confidence in the stock market is crashing…   It seems like a delayed reaction to 10Y Yields hitting 3.00% sparked the initial shift…   But weakness in the FANG stocks is not helping…   As Yields enter the…

For The First Time Ever, Younger Americans Are Less Optimistic Than Their Parents

Superficially, last week’s University of Michigan consumer confidence report could not have been better: rising above 101, it was the highest number since 2004 (even if it was driven entirely by rising optimism from poorer households, while those in the top third have started to…

Consumer Confidence Sinks As Stock Market Hope Plunges To Trump Election Lows

Having shrugged off stock market volatility in February, with present situation confidence buoyed by tax reform hope, Conference Board Consumer Confidence slipped in March (and missed expectations). Febuary’s headline data was a 18 year high, so this remains an extreme level of confidence… Both current…

Key Events This Week: Keep A Close Eye On The Flood In The Bond Market

It’s a busy, holiday-shortened week for US data and Fed speakers: we get consumer confidence, the Case-Shiller house price index, final print of GDP and U. Michigan sentiment, advance goods trade balance, pending home sales, personal income & spending, core PCE and Chicago PMI. Consumer…

Small-business confidence hits record high in 2018 after Trump tax-reform win

Small-business confidence hits record high… (Top headline, 5th story, link) Related stories:PELOSI HECKLED: How Much Are You Worth!?‘We’re not talking about that’…CALLS TAX RELIEF BILL ‘UNPATRIOTIC’…POLL: MOST NOW SUPPORT THE CUTS… VISIT THE SOURCE ARTICLE Small-business confidence hits record high in 2018 after Trump tax-reform…