Posts Tagged ‘reuters’
February 24th, 2010
(Michael Schwartz) - The Reuters/University of Michigan consumer sentiment preliminary index for February that was reported last week declined slightly from the late January number and it was lower than expected as consumers continued to fret over unemployment. The index is now down 24% from January 2007, according to data from the St. Louis Federal Reserve. Ironically, when consumers are glum, that could be good news for the financial markets.
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Tags: asset prices, consumer confidence, consumer sentiment index, contrarian indicator, counterintuitive, easy money, federal reserve, financial markets, financial securities, interplay, investment strategy, kenneth fisher, meir statman, michigan consumer sentiment, reuters, stock returns, trillions, u s stock market, university of michigan consumer sentiment, worldwide economy
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February 3rd, 2010
(Michael Schwartz) - Let’s recap some of the good news last week:
The Commerce Department said the economy grew in the fourth quarter at its fastest pace in more than six years;
The Institute for Supply Management-Chicago said its index of Midwest business activity rose more than expected in January;
Consumer sentiment in January as measured by The Reuters/University of Michigan Surveys of Consumers hit its highest level in two years; and
Of the 220 companies in the S&P 500 index that have reported fourth quarter earnings, 78% of them exceeded analysts' expectations, according to Thomson Reuters. In a typical quarter, only 61% of companies beat Wall Street targets.
Sounds pretty good, doesn’t it? So, how does the stock market respond?
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Tags: business activity, commerce department, consumer sentiment, consumers, economy, fourth quarter, institute for supply management, midwest, midwest business, news last week, pace, reuters, six years, surveys, university of michigan
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August 25th, 2009
(Lee Siler) - Stock futures jump pre-market as President Obama re-nominates Fed Chairman Ben Bernanke to a second four-year term. Of course, Bernanke's appointment will have to be confirmed by congress, which is a likely scenario. I think it would be disastrous to change the head of the Federal Reserve in the midst of and economic recovery as complicated as this one.
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Tags: appointment, confidence numbers, congress, consumer confidence, economic recovery, fed chairman, federal reserve, investors, midst, month of july, obama, pre market, reuters, stock futures, thomson
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May 18th, 2009
(Lee Siler) - The Reuters/University of Michigan consumer sentiment index climbed to 67.9 for May; it hasn’t been this high since before the credit crunch. The index’s consumer expectations gauge was 69.0, up from 63.1 in April.
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Tags: commerce department, consumer expectations, consumer price index, consumer sentiment index, core cpi, core ppi, credit crunch, downsizing, economists, food prices, general motors, letdown, michigan consumer sentiment, michigan consumer sentiment index, producer price index, retail sales, reuters, university of michigan consumer sentiment, university of michigan consumer sentiment index
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