blog.optionsmentoring.com - 5/26/2009
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10:30am (EST)
The market got a huge lift this morning after consumer sentiment rose in May to the highest level since September.
The number the Consumer Confidence Index reported surged to 54.9 from a revised 40.8 in April and that was a huge surprise. Wall Street had been bracing for a number ...
Contrarian Take —
Bear Mountain Bull
…on consumer confidence. BMB has always said that consumer confidence is a lagging indicator (coincident at best), and follows the stock market — not the other way around.
Mark Hulbert agrees:
…the stock market’s reaction would certainly appear to be quite rational. ...
Overnight markets: Rising —
FT Alphaville
Asian stocks rose on Wednesday, led by automakers and mining companies, after US consumer confidence jumped the most in six years and commodity prices climbed. Futures on the S&P500; Index lost 0.1% after the gauge climbed 2.6% on Tuesday after the Conference Board’s index of US consumer ...
German business, US consumer confidence improve —
The Skeptical Speculator
The latest economic data continue to show a weak global economy that is gradually improving. Eurozone industrial orders fell 0.8 percent in March and Germany confirmed a dramatic 3.8 percent contraction in GDP in the first quarter. However, German consumer confidence held steady in June while ...
US Consumer Confidence: A Very Positive Economic Sign —
Daily Markets
Tuesday’s report on consumer confidence lends credence to economic forecasts that call for a recovery soon.
This is a big enough improvement in consumer attitudes that I’m confident it’s not just a temporary blip. Although consumer confidence isn’t the only thing to ...
Confidence Rises Among Consumers of Equities —
The Big Picture
Good Evening: After a brief bout of depression last week, the bi-polar patient otherwise known as Mr. Market went a bit manic today. Helping the old gentleman during Tuesday’s session wasn’t a dosage change to his medication, but rather some uplifting news about consumer confidence. ...
Midday Market Update: Consumers Feeling Fine —
ETF Trends
If you’ve had an extra spring in your step lately, maybe you’re one of the many consumers who reported a brighter outlook for May, boosting the market and exchange traded funds (ETFs). Consumer confidence levels are the highest they’ve been in eight months, reports Jack Healy ...
Consumer confidence index posts biggest jump since 2003 —
BloggingStocks
The housing market remains in peril and the labor market isn't much better. But American consumers are hoping that change is coming for the better, according to those polled by the Conference Board.
The group's monthly index of consumer confidence jumped in May to 54.9 (the highest reading in ...
05.25.09 - Confidence Game —
Market Rewind
Equities exploded higher on the strong Consumer Confidence report, putting us into a nice trend day with Advance - Decliners, Up Volume and Cumulative Tick all running to the upside set against a lower VIX. As tempting as it may be to fade such a wide bar, professional traders will require ...
Consumer Discretionary ETFs Surge on Confidence News —
ETF Database
Consumer discretionary ETFs surged Tuesday morning on news that consumer confidence increased again in May to its highest level since September 2008. The Conference Board announced that its index of consumer confidence for May increased to 54.9 from 40.8 in April (originally reported at 39.2). ...
Consumer confidence soars —
The Mess That Greenspan Made
Reuters reports on the sharpest increase in U.S. consumer confidence in more than six years. But, don't get overly excited (like the stock market currently is), the American shopper is still quite depressed by historical measure. The Conference Board, an industry group, said on Tuesday its ...
Consumer Confidence, Home Prices and Markets —
OptionPundit
Prices of U.S. single-family homes fell 18.7 percent in March from a year earlier, while prices in the first quarter dropped at a record pace, according to the Standard & Poor’s/Case-Shiller Home Price Indices released on Tuesday.
The Conference Board Consumer Confidence Index™, which ...