Reply To: Traders Market Weekly: Bears Squeezed in Bonds, Stocks and Currencies

#47457
Truman
Participant

The preliminary reading for the November University of Michigan Index of Consumer Sentiment fell to 54.7 (Briefing.com consensus 59.6) from the final reading of 59.9 for October. In the same period a year ago, the index stood at 67.4.

The key takeaway from the report is that it reflects concerns about higher interest rates, high prices, and elevated global uncertainty that appear to be adversely affecting sentiment across the distribution of age, education, income, geography, and political affiliation.