Consumer Sentiment Is Down, But What Does That Really Mean?

"One of the worst readings ever” and a big recession signal said bond guru Jeffrey Gundlach. David Rosenberg agrees.

Rosenberg Agreement

The Expectations Index plunged from 97.7 in December to 87.3 In January. The Present Situation Index is at 169.6, a bit lower than the reading in December.

Consumer Expectations Under Fire

Factory Orders

Two Out of Three Ain't Good

Charles Schwab's Chief Investment Strategist, Liz Ann Sonders, says Two Out of Three Ain't Good Leading Indicators Falter Again

​Every month, shortly after the LEI’s release, I put together a “dashboard” which includes the table below. It lists all 10 components that make up the LEI as well as their current level. More importantly, I also include the latest trend; which is often more telling than the level. It’s one of many visuals associated with my oft-expressed view that when it comes to the relationship between economic data and the stock market, “better or worse tends to matter more than good or bad.”​

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