The S&P 500 just hit an all-time closing high, and the Dow has been hitting and breaching its record high in recent weeks. But the stock market rally has had a “limited effect on the public’s economic outlook because they are not what affect people’s personal financial situation,” according to a PEW survey. Of those […]
A great retail sales report confirmed that the U.S. consumer was in better shape than everyone expected. First the scoreboard: Dow: 14,455, +5.2 pts, +0.0 percentS&P 500: 1,554, +2.0 pts, +0.1 percentNASDAQ: 3,245, +2.8 pts, +0.0 percent And now the top stories: Retail sales jumped by 1.1 percent in February, which was much better than […]
February consumer confidence is out. The headline index rose to 77.6 from a previous estimate earlier this month of 76.3. The economic conditions sub-index rose to 89.0 from 88.0. The economic outlook sub-index rose to 70.2 from 68.7. Inflation expectations for one year ahead and five years ahead came in at 3.3 percent and 3.0 […]