US Consumer Comfort on Highs

US Consumer Comfort on Highs

US Consumer Comfort on Highs


  • S&P 500 retests its 50-Day Moving Average at 2717

Americans’ sentiment improved to the best mark in 2 months on brighter views of the economy and personal finances, the Consumer Comfort Index reveled Thursday.

Highlights of Consumer Comfort for the Week Ended 24 June 2018
  • Weekly index increased to 57.3, the 3rd straight advance, from 56.5
  • Gauge tracking current views of the economy advanced to 58, the highest since March, from 57.3
  • Measure of buying climate increased to a 9-week high of 49.9 from 49.3
  • Gauge of personal finances rose to 63.9, the strongest reading since April 22, from 63

Key Takeaways

Views about the economy are hovering near the best level since Y 2000 as a strong labor market and durable expansion offset any concerns about the effects of trade tensions.

Lower taxes and a recent decline in gasoline prices are leaving more money in consumers’ pockets, with the survey showing sentiment among those earning less than $50,000 advancing to the highest in data back to Y 2010.

Other Details

  • The gap between high and low-income earners remains about even with historical levels after easing from a record about a year earlier
  • Sentiment among Democrats rose this week to match the highest reading since early March; comfort eased among Republicans from an all-time high the prior week

Thursday, the major US stock market indexes finished at: DJIA +98.46 at 24216.05, NAS Comp +58.60 at 7503.71, S&P 500 +16.68 at 2716.05

Volume: Trade on the NYSE came in at 809-M/shares exchanged

  • NAS Comp +8.7% YTD
  • Russell 2000 +7.1% YTD
  • S&P 500 +1.6% YTD
  • DJIA -2.0% YTD

HeffX-LTN’s US Major Stock Market Indexes Technical Analysis

Date Symbol Price Technical Analysis Support Resistance
28 June 2018 QQQ 171.72 Neutral (0.19) 170.48 173.08
28 June 2018 DIA 241.08 Neutral (-0.18) 240.09 245.80
28 June 2018 SPY 271.63 Neutral (0.02) 270.58 273.44



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