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…

US Services Economy Slumps In July As ‘Hope’ Hits 6-Month Lows

Following yesterday’s disappointment in manufacturing data, Markit’s latest survey confirms the Services industry slowed in July as higher prices are hurting margins and business expectations hit a 6-month lows. Worse still, ISM’s Services survey tumbled with a big miss to its worst since Aug 2017….

“Somebody Needs Their Head Examined” Dallas Fed Survey Respondents Fume As Stagflation Looms

The Dallas Fed survey of Texas manufacturing soared to 36.5 in June (from 26.8), back near its highest since 2004. The problem, however, is this spike is being driven by soaring prices as production slows – flashing a big red stagflationary alarm once again. We…

TV Poll: 71% Of Liberals Don’t Want Peace With North Korea Because Trump Would Take Credit

Via Paul Joseph Watson, A snap survey on Michelle Wolf’s show proof left wants to see America fail… A live TV poll taken on Michelle Wolf’s Netflix show found that 71% of the comedian’s liberal audience would rather peace with North Korea fail than see…

UMich ‘Hope’ Slides To 5-Month Lows, But Income Expectations Hit 11-Year High

Preliminary Junes survey data from University of Michigan shows a rebound in headline confidence among Americans as current conditions rise but ‘hope’ – future expectations – slides to its lowest since January.   The sharpest divide was between the record number of households who mentioned…

US Services Surge Signals 3.5% GDP Growth, But Rising Cost Concerns Loom

US Services surged to a three-year high, according to Markit’s PMI survey, but with business optimism near record highs, concerns over rising costs and the impact of tariffs are rising. Inflationary pressures intensified in May, as input cost inflation accelerated to the fastest since October…

UMich Sentiment Slumps Near 2018 Lows As Income Expectations Tumble

Preliminary data for May’s UMich sentiment survey showed a tumble in current conditions (and small rise in hope) but the final data showed both sliding notably intra-month with the headline sentiment index at its lowest since January. Headline Sentiment slipped from 98.8 prelim to 98.0…

“What Is The Magic Number?”: Wall Street Answers The Most Important Question For Investors Today

In its latest Fund Manager Survey, Bank of America asked what may be the most important questions for investors today: “What level of US 10y Treasury yields would cause you to rotate from equities into bonds?“ That level, which Bank of America’s Michael Hartnett has…

UMich Sentiment Flat As Stock Market Confidence Hits 13-Month Lows

After slipping in April, May’s preliminary University of Michigan sentiment survey was flat at 98.8 (as hope rose and current conditions slipped). Current Conditions dropped from 114.9 to 113.3 Expectations ‘hope’ rose from 88.4 to 89.5. The headline index was unchanged… What is likely to…