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Univ. of Michigan consumer sentiment final 92.6 vs. 92.0 est.

Current conditions 108.1 vs. 107.0 last

  • Expectorations index 82.7 vs 82.0 last. Highest since June.
  • 1 year inflation: 2.6% vs 2.7% last month
  • 5-10 year inflation 2.6% vs 2.6% last month

Survey director says

  • recent gains paced by current conditions
  • Real income gains the highest since 2002
  • Consumer expect rate of GDP growth slow
  • Consumers don't see employment falling much more
  • Diminished outlook hurting expectations index
  • Fed needs to overcome disinflation psychology
  • Without bigger wage gains, price discounts are needed
  • Wage gains will lag so consumers will pull back

US stocks are rising today:

S&P is +14.11 to 2053.14 or 0.70%. All 10 S&P sectors are higher.

Nasdaq is up 31.9 ore 0.64%

Dow is up 100 points or 0.58%

Crude oil is up today to 37.06 or +2.55%. Inventory data is out at 10:30 AM ET

Crude oil inventories are expected to increase by 1200K vs 4801K last week

Gasoline inventories are expected to come in at 1300K vs 1731K last week.

2 year yield is up 1 BP to 0.981%

5-year yield is up 2 bp to 1.719%

10 year yield is up 3 bp to 2.264%

30 year yield is up 4 bp to 3.00%

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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