Consumer companies are seeing a rise in confidence as hopes grow that the Federal Reserve will adopt a less hawkish stance in its upcoming policy statement. This positive sentiment is reflected in the S&P CoreLogic Case-Shiller National Home Price Index, which saw home prices across the nation increase by 2.6% in August compared to the previous year. This represents a … [Read more...] about Consumer Companies Optimistic as Fed Shows Less Hawkish Stance
Consumer confidence
Consumer Confidence Retreats, as Inflation, Ukraine Conflict Pose Risks
Source: The Conference Board Consumer confidence posted a slight decline in April, but this may be hit by the ongoing conflict between Russia and Ukraine and the inflationary uptick. QQQ is down 2.88%, while SPY is down 1.84%. The Consumer Confidence Index stood at 107.3 in April, down from 107.6 in the previous month.The Present Situation Index, which assesses current … [Read more...] about Consumer Confidence Retreats, as Inflation, Ukraine Conflict Pose Risks
Consumer Confidence Gains Steam in March
Source: The Conference Board Consumer confidence picked up in March after two straight months of declines, in line with the growth in employment during the month. QQQ is up 0.88%. The Consumer Confidence Index grew to 107.2 in March, up from 105.7 in February, attributed to the improvement in employment.Business conditions improved as consumers assessing “good” business … [Read more...] about Consumer Confidence Gains Steam in March
