Consumer Confidence Increases: Will the Stock Market Follow?
In May, the Thomson Reuters/University of Michigan’s preliminary consumer sentiment index, an early gauge of consumer confidence in the U.S. economy, registered at 83.7, up from 76.4 in April. This is the highest the index has been since July of 2007. Economists were expecting the index to register at 78. (Source: Schnurr, L., “May consumer sentiment highest in nearly six years,” Reuters, May 17, 2013.)
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