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Consumersentiment

UMICH - CONsumer SentimentNo worries Mates and Shelia's - this is bottoming. It's down under, so far down under it's Alice Springs under with a dash of ET tossed in for good measure. A "Turnaround" ? Ozzy Man Reviews: What is a Turnaround? search Youtube... You'll get the idea of how "Top and Bottom" promoting works out. ________________________________________________________ @ 50.20 after another decline of 16%, they'll defend 50... or at least feign it. What actually improved? Gas Prices? Food Prices? Rents? Supply Chains Globally? War against the CIA in Ukraine? China backing off Taiwan? Brandon still alive so we can avoid Pelosi, Kamala will be chicken choked... never stood a chance. The CFR didn't invite her to the room for anything less than nefarious purposes... Nnnn.Kay? It's Nancy's moment to shine soon enuf. Have China’s growth prospects been hammered by strict Covid-19 lockdowns? Well for 61 hours... Does not count. Have Europe’s households enduring cost of living crisis ended, or will the ECB's Rate Hikes temper it? Hiking rates in a Depression a good idea? Uh... no. And let's not skirt the situation in many poorer emerging markets, where food crises and even famines are spreading... Yeah, naw... it's all good there IF your epigenetic goal is... less peeps and a cleaner less colored deep end of the pool. The last time that the - everything sell-off stars aligned was in early 1981 when Paul Volcker’s Fed broke the back of inflation and turned stagflation into an outright poof... Volker was no Pompedor, he simply drove as many stakes into Capital Stocks as possible given his Agenda, for which he is touted as a HERO. Lunacy at best. The dude was a Temple Master... And for you younglings... Eustice Mullens... Google "Secrets of the Temple" it's a good read, but hell few bother to do that any longer. Watch it on the Tube then.
FRED:UMCSENT
by HK_L61
4
Australian dollar falls on US retail salesAustralia's employment report was respectable, and the Australian dollar's reaction was muted. The economy created 17.9 thousand new jobs in March, down from 77.4 prior and shy of the estimate of 40.0 thousand.  The unemployment rate remained at a sizzling 4.0%, the lowest since 2008. Today's numbers are unlikely to shed much light on the timeline for the RBA's expected rate hike. The Bank stayed on the sidelines at the April meeting, but the change in language in the rate statement was enough to convince the markets that a rate-hike cycle is imminent. Inflation is soaring, and the strong economic fundamentals indicate that the economy can handle a series of rate hikes. What is standing in the way of a May hike is the Australian general election on May 21st. The RBA will be reluctant to make a move in the middle of an election campaign, although the record books indicate that the central bank did raise rates in November 2007 in the midst of an election. The Australian dollar fell early in the North American session, after the release of US March retail sales. The US dollar has posted broad gains, as investors were relieved that the retail sales were within expectations, despite soaring inflation. Core retail sales actually beat the consensus of 1.0% MoM, with a gain of 1.1%. This was up nicely from 0.6% in February. The headline figure came in at 0.6% (0.8% prior). This was just shy of the 0.5% estimate. The US dollar also received some help from Preliminary UoM Consumer Sentiment, which improved to 65.7 in April, up sharply from 59.4 in March. The Expectations Index surged, pointing to renewed consumer confidence. AUD/USD faces resistance at 0.7605 and 0.7750 There is support at 0.7371 and 0.7282
by OANDA
Aussie rises ahead of key employment dataThe Australian dollar has reversed directions and pushed above the 72 line. In the North American session, AUD/USD is trading at 0.7224, up 0.54% on the day. Australia will release December employment numbers in Thursday's Asian session. The economy is expected to have created 43 thousand new jobs, which would be a modest gain compared to the monster spike of 366 thousand in November. The market is also projecting that the unemployment rate will tick lower to 4.5%, from the 4.6% beforehand.  A strong release would likely give a boost to the Australian dollar. Earlier today, Australia's Westpac Consumer Sentiment for January disappointed with a reading of -2.0%, marking a second straight decline. Consumers are wary that the spike in Omicron cases could trigger further lockdowns. The number of hospital cases has swelled and on Tuesday, Australia recorded 77 deaths from Covid, the highest one-day total since the pandemic began. An ANZ report last week noted that the Australian consumer is suffering from an "Omicron malaise in spending" and that could mean trouble for the Australian economy, as consumer spending is a key driver of growth. The major banks are planning to revise downward their growth forecasts and Commbank has already lowered its Q1 forecast QoQ from 2.3% to just 1.0%. In the US, there are growing concerns that the Federal Reserve will accelerate the tightening of its policy. This has been reflected in an upswing in US Treasury yields. The 10-year rate climbed above 1.80% on Tuesday, a 2-year high, and hit 1.90% earlier today, but has retreated to 1.83%. The 10-year rate hasn't been above the symbolic 2% level since July 2019 but could reach that line shortly. Most analysts are projecting three or four rate hikes in 2022, but the Fed may have more in store - Jamie Dimon, CEO of JP Morgan, made headlines last week when he projected the Fed could hike up to six or seven times this year. There is resistance at 0.7304 and 0.7392 AUD/USD has support at 0.7139 and 0.7062
by OANDA
Consumer SentimentConsumer Sentiment continues in Trend. Its ability to forecast "Recession" is unparalleled. 100% accurate as a Leading Indicator of overall Economic conditions. It Surveys 500 households about their expected financial conditions, their sentiment about the general Economic conditions, Unemployment and the status of household Savings. Consumers’ confidence towards the future economic conditions, as a consequence of which they are less probable to save, and more probable to spend money on major purchases in the next 365 Days. Inflation has an important role as Purchasing Power Parity is the "Price" of a currency expressed in terms of the number of goods or services that a unit of money can purchase. Purchasing power is important as, Ceteris Parabis, inflation decreases the number of goods or services a Consumer would be able to purchase. Higher cost of living, as well as increasing interest rates affect Global Markets - Inflation increases the demand for Revolving Credit at a time when many Institutions are seeing their falling credit ratings create large Risks to both Corporate and Government Bonds. Rising Rates for UST's is indeed a signal of Quality Control Issues for the United States Treasury and Government. It used to be 4 decades ago, now... it is simply a measure of how distended the late-stage Credit Cycle has devolved. QE has turned former Citizens into Consumption Units to be measured and monitored for Big Data. A rate of return equal to or greater than the rate of inflation today is difficult for those living on Fixed Income Streams. Boomers, GEN X, and the few remaining Greatest GEN are seeing their Savings lose their Purchasing Power at the highest rate within their lifetimes. For the Youth of our Nation - Gen Z & Millenials it is caught as catch can - where there's action there's an opportunity. unfortunately for the Majority - remain prey with less opportunity for a great many reasons.
FRED:UMCSENT
by HK_L61
1
Consumer Sentiment - 66.8%Try as they might - The perception Monetary & Fiscal Policy is Failing... Inescapable. _______________________________________ 72.5 expected Swing and a... Miss _______________________________________ Every Economic Downturn is led by 18 Months of... F_ck this BS, we're in Deep Sh_t. Every one Ever. _______________________________________ Wall Street has its Fill. All that's left is for the Equity Complex to Cloes Red Today. Difficult to Fathom? Not really. _______________________________________ The Operators know precisely what's up. The FED... bailout after bailout created another QE Bubble. Jerry excels at Transitory Bubbles as Did Yellen, Bernanke, and Sir Allen. _______________________________________ Friday's are an easy Fill as the Degenerates are mostly distracted with Weekend Plans. Participation is low, the perfect time to run the Tables ahead of the continued correction. The move Lower is far from over, the question we will answer is - will we see lower lows or will Trending Support now hold? _______________________________________ Today's Gains do not belong. The ES traded to Resistance, last week's Pivot. The NQ made a Large Front Run of its Objective by 40+ Ticks. The YM is broken, it was the First to break signaling a complete loss of confidence in the Seasonals ability to keep this together. _______________________________________ A very serious Decline is set up, one in which we will see far more Vertical Down. CRASHY MOVE DEAD AHEAD - IMHO Positioned 82% in SELL of ES NQ YM We have not seen and inside out Friday in a very long time.
FRED:UMCSENTShort
by HK_L61
5