To gain an edge, this is what you need to know now.
AFTERNOON CAPSULE: CONSUMER SENTIMENT BEGINS TO WEAKEN $DJIA $SPX $NDX $QQQ $GLD $SLV $USO $SPY
This post was published yesterday in The Arora Report paid feeds as Afternoon Capsule.
Consumer Sentiment
Until recently, consumer sentiment was doing well due to the economy opening, government programs based on borrowing and high stock market.
Since the American economy is 70% consumer based, the consumer sentiment is important for investors to keep an eye on. The most authoritative data on consumer sentiment comes from the University of Michigan. University of Michigan released the latest data today.
Sentiment came at 73.2 vs. 77.6 consensus. Last month it was a 78.1.
July 18, 2020