Source: University of Michigan
The US posted an Index of Consumer Sentiment of 67.2 in January, the lowest since November 2011 and was 4.8% below the previous month. SPY is up +0.12%, DXY is up +0.02%.
- On a year-over-year basis, the consumer sentiment declined by 14.9%, with the fall connected largely to the Omicron and Delta variant concerns.
- The index of current economic conditions fell by 3.0% to 72.0 in January, taking the total declines in the year to 17.0%.
- Consumers remained less upbeat of future conditions, with the expectations index falling by a monthly 6.1% to 64.1. The index was 13.4% below the prior year.
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