UMich Confidence Disappoints Despite Democrat Optimism Bounce

U.S. consumer sentiment unexpectedly dipped in October, according to the latest survey from University of Michigan. Sentiment index fell to 99 (est. 100.5) from prior month’s 100.1 Current conditions gauge decreased to 114.4 from 115.2 Expectations measure slid to 89.1 from 90.5 The small decline was due to less favorable…

US Services Economy Slumps To 8-Mo Lows Or Explodes To 21-Year High

Following mixed survey data on US Manufacturing, it was even more insanely divergent in September… Markit US Services PMI dropped to 53.5 – lowest since January (better than expected 53.0 and flash 52.9) ISM US Services explodes to 61.6 – the highest since August 1997…

McKinsey: Corporate Executives Increasingly Wary Of Global & Local Economy

Authored by Mike Shedlock via MishTalk, Sentiment is down for the 3rd straight quarter in McKinsey survey of businesses. Trump’s trade policies at heart of it. According to the McKinsey Economic Conditions Snapshot, September 2018, business sentiment is down for the third quarter. The global outlook…

The Most Valuable College Major Is One You Might Not Expect

In a new survey, Bankrate.com studied more than 162 degrees to determine the most- and least-valuable college majors. And the winner for the most valuable criteria might seem somewhat obscure to the unfamiliar reader. That major? Actuarial science. Actuarial science, for those who don’t know,…

Take Your Pick America – ISM/PMI See US Economy Rebounding/Slumping

After yesterday’s incredibly mixed manufacturing survey data, today’s Services sector data was just as Schizophrenic. Markit’s Services Sector PMI survey missed expectations and dropped to 4-month lows as output, new orders, and employment growth all slowed notably. Although still solid, Markit’s PMI suggests the rate…

Rosenberg: This Bull Market Is Many Things, But “Unloved” Is Not One Of Them

Authored by David Rosenberg via Financial Post, In the AAII survey of retail investors, only 29 per cent are bearish — 36 per cent are bullish and the remaining 35 per cent are neutral. Where’s the hate? Maybe it’s apropos that just as investors celebrate…

Consumer Confidence Explodes To 18 Year High As Income Expectations Hit Record

As ‘soft’ survey data continues to catch down to ‘hard’ real economic data’s recent demise, Conference Board Confidence shuns the slump and explodes higher to 133.4 (exp 126.6) – the highest since Oct 2000. Current Conditions spiked to 172.2 (18 year highs), Expectations rebounded to…

UMich Sentiment Slumps To 11-Month Lows As ‘Spending Plans’ Plunge

Led by a collapse in Americans’ views of the current situation, University of Michigan’s Sentiment Survey dropped to 11-month lows, dramatically missing expectations for a rise. Sentiment index decreased to 95.3 (est. 98) from prior month’s 97.9; lowest since Sept., below all analyst estimates Current conditions gauge,…

Banks Ease Lending Standards Just As Loan Bubble Shows First Signs Of Popping

The July release of the Federal Reserve’s Senior Loan Officer Opinion Survey (SLOOS) conducted for bank lending activity over the second quarter of this year found that banks eased lending standards and terms for commercial and industrial loans, coupled with stronger demand for loans from…