consumer confidence

Consumer Spending Anemic as 58% Say Economy “Getting Worse”

By Monday, August 31, 2015
Consumer SpendingI have written over and over again on how distorted the U.S. business sales and inventory figures are. Manufacturers are stockpiling products. Retailers are experiencing a decline in sales. Consumer spending is getting softer. But it’s more than just retail that is becoming a drag on the U.S. economy. Statistics from the U.S. housing market also point to very soft consumer spending. In July, the annual rate of new home .

Consumer Confidence Plunges in July as U.S. Economy Heads Wrong Way

By Monday, August 3, 2015
Consumer ConfidenceIn the month of July, the Conference Board’s Consumer Confidence Index declined nine percent from May. The index stood at 99.9 in June and plunged to 90.9 in July—the lowest level since September of 2014! A sub-index of this confidence index, called the Expectation Index, which measures how U.S. consumers feel they will do going forward, saw a massive decline to 79.9 in July from 92.8 in June—14% month-over-month. These .

Consumer Confidence Rises with U.S. Economy in June

By Friday, June 26, 2015
U.S. Economic Outlook: Consumer Confidence UpU.S. consumer confidence jumped up to a five-month high in June, signaling the U.S. economy is picking up momentum. The University of Michigan released its final results on consumer confidence for June 2015. The Consumer Sentiment Index rose to 96.1 in June, a six percent increase compared to May’s 90.7, and a more dramatic 16.5% gain year-over-year. June’s survey results also beat analysts’ expectation of the preliminary reading of 94.6 .

Consumer Confidence in U.S. Falls to Six-Month Low

By Friday, May 29, 2015
Consumer Confidence in U.S. Falls to Six-Month LowConsumer confidence in the U.S. fell to a six-month low in May as Americans became less sanguine about the prospects for the economy. The University of Michigan reported on Friday May 29, 2015 that its final index of sentiment for the month decreased -5.4% to 90.7 from 95.9 in April. It marked the biggest decline since the end of 2012. (Source: University of Michigan, May 29, 2015.) Consumer confidence gives .

Retail Sales Disappoint Again in April

By Tuesday, May 19, 2015
Retail Sales DataI am not surprised that the retail sales remained unchanged in April. Although warmer weather is upon us, the April retail sales data did not warm up the way the industry would have liked. Retail Sales and Consumer Confidence Fading After barely growing in the first three months of 2015, U.S. retail sales were flat in April and continue to disappoint. Consumers cutting back on their purchases could be an .

About That QE4…

By Monday, October 20, 2014
Another Round of Money Printing Coming SoonIt’s widely expected that at the end of this month, the Federal Reserve will end its third round of quantitative easing (that began in September of 2012). This is QE3, where the Federal Reserve was printing $85.0 billion of new money every month and using it to buy U.S. Treasuries and mortgage-backed securities (MBS). In the beginning of 2014, the Fed started reducing the amount of money it was printing .

The Worst Kept Secret on Wall Street

By Monday, June 2, 2014
Why Retail Stocks Will Get Hit the HardestIn the first quarter of 2014, Retail Metrics, a retail industry research firm, found U.S. retailers missed their corporate earnings estimates by the most since the year 2000! As I have been writing, consumer spending only increases when consumer confidence is rising. Unfortunately, in the U.S. economy today, that confidence is plummeting. Last month, the Thomson Reuters/University of Michigan’s consumer sentiment index declined three percent from a month earlier. It .

Why Are Car Sales Down So Much?

By Wednesday, January 8, 2014
Soft Auto Sales Just the Beginning of a Poorer 2014All of a sudden, auto sales are declining… Auto sales in the U.S. economy declined to an annual rate of 15.4 million units in December. In November, this number stood at 16.41 million units—a decline of more than six percent. (Source: Motor Intelligence, January 3, 2014.) Analysts were caught off guard by the decline in December auto sales; they were expecting an increase! I see the decline in auto .

U.S. Treasuries Hit 3%; Marks End of Stock Rally?

By Monday, January 6, 2014
Another Five Stock Market Warning Signs to Add to the ListWhile 2013 will go down as the banner year for the S&P 500 and other key stock indices no one expected, the number of warning signs about this overpriced and overbought stock market has only increased. And my readers need to know about them… Trading volume, which is the number of shares traded, fell in 2013. The chart below (bottom portion of the chart) shows trading volume on the S&P .

What Bernanke Cemented for Wall Street Yesterday

By Thursday, December 19, 2013
Why This Next Stock Market Bust Is Going to Be a DoozySomething very interesting happened yesterday. The Federal Reserve said it would start “tapering” its quantitative easing program by $10.0 billion a month. In other words, the Fed will now print $75.0 trillion a month in new money instead of $85.0 trillion a month. Firstly, the whole concept of the central bank printing money out of thin air never made sense to me because the money isn’t backed by anything. The .

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From: Michael Lombardi, MBA
Subject: Gold: The Stock Contrarian Investors’ Best Play of the Decade

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