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Market Commentary

Soft Data Remains Firm
By Charles Payne, CEO & Principal Analyst
5/12/2017 12:56 PM

Consumer confidence continues to hold at elevated levels established after the election of President Trump.  Today’s read from the University of Michigan beat consensus and illustrates improved optimism for the economy six months from now.  While the bipartisan underpinnings remain the gap between Democrats and Republicans, it has narrowed to 55 points from 65, as the former is less worried about an immediate recession and personal financial setbacks.

Consumer Sentiment

University of Michigan

May

2016

April

2017

May

2016

Change

M/M

Change

Y/Y

Index of Consumer Sentiment

97.7

97.0

94.7

+0.7%

+3.2%

Current Economic Conditions

112.7

112.7

109.9

+0.0%

+2.5%

Index of Consumer Expectations

88.1

87.0

84.9

+1.3%

+3.8%

I have a family emergency so there are lots of things I will drill into over the weekend, including the “Herculean” US-China trade deal announced by Wilbur Ross.  I will say I have always pointed out we need to open foreign markets rather than close America’s market.  (That’s not globalism, its common sense that improves the lives of all Americans.

Have a great weekend. 


Comments
Dear Charles:
Our prayers are with you during your family emergency. I've been through a few of those myself, but He always got us through them.

Dennis Howard on 5/13/2017 3:06:43 PM
 

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