Consumer Confidence

US Selloff Spooks Thinly Traded Global Markets Sending Stocks, Yields, Dollar Lower

One day after the biggest drop in US stocks in two months, global stocks struggled as they tried to close out 2016 on a positive note. The dollar dropped the most in two weeks, sliding alongside bond yields, while oil retreated from its highest close in 17 months. European stocks slid from a 2016 peak on renewed concerns about Italian banks.

Consumer Confidence Jumps To Highest Since 2001 As "Trump Hope" Soars

Moments ago, that "other" confidence index reported by the Conference Board, also printed at multi-year highs, surging from its November print of 109.4, and well above the 109 expected, to 113.7. This was the highest print since August 2001. What drove the surge? What else: hope that Trump will make things better...

Global Stocks, US Futures Rise In Thin Trading As Volumes Plunge

Most world markets have reopened following the holiday weekend, but trading volumes remain significantly muted. Asian and European shares advance modestly amid low volumes with U.K. and Ireland closed; S&P futures are little changed while the dollar rose and oil extended its longest winning streak in four months.

Global Shares Trade Mixed In Thin Holiday Trade; Yen Rises As China Rebounds

With most global market closed for Christmas holiday, and traders taking the day and the week off, global stocks traded mixed in thin, subdued conditions. Japanese shares fell as the yen gained against the dollar for the fourth straight day after the release of BOJ Minutes and a Kuroda speech, while Chinese equities recovered from earlier losses.

An Odd Disconnect: Consumer Confidence At 12 Year HIgh As Inflation Expectations Tumble To All Time Lows

In an odd divergence, the latest UMichigan consumer sentiment print hit a 12 year high, rising from 93.8 in November to 98.2, even as long-term inflation expectation, those in the 5-10 year bucket, dropped from 2.50% to 2.30%, a new all time low print. However, confirming the political bias behind the report, UMich chief economist Richard Curtin said that "sentiment is likely to fall in coming months."

Something Wicked This Way Comes

"The narrative about an improving economy, thriving jobs market, and glorious future is bullshit. I know it. You know it. And your establishment puppeteers know it. But only “fake news” sites would dare reveal these inconvenient truths."

2016 Year-End Bull/Bear Debate

As we head into 2017, trying to predict the markets is often quite pointless. The risk for investors is “willful blindness” that builds when complacency reaches extremes. It is worth remembering that the bullish mantra we hear today is much the same as it was in both 1999 and 2007. We don’t need to remind you what happened next.

Key Events In The Coming Pre-Holiday Week

The key economic releases this week are durable goods and GDP on Thursday. Chair Yellen’s speech on the labor market on Monday afternoon is also likely to garner considerable attention.

Satellite Imagery Reveals Sharp Retail Spending Slowdown After The Election

Defying consensus, JPM found retail spending activity trends "worsened post the election contrary to stock market moves and color from some management teams" when analyzing satellite image car counts at parking lots. It finds that this is "interesting as it is counter to prevailing thought."