US Consumer Comfort Up in Time for Holiday Shopping

US Consumer Comfort Up in Time for Holiday Shopping

$DIA, $SPY, $QQQ, $RUTX, $VXX

Americans’ confidence is rebounding in time for holiday shopping and reversing most of a recent slide that threatened to sour the season for US retailers.

The Consumer Comfort Index rose to 61.7 from 60.5 in the week ended 1 December according to a report issued Thursday.

Among the gauge’s 3 components, views of personal finances posted the biggest weekly advance since the end of August, recovering most of a decline that took root in mid-October. Sentiment about the state of the economy and whether it’s a good time to buy also rose.

Among major regions, Americans in the West are the most confident, while people in the Northeast are least upbeat.

Thursday, the major US stock market indexes finished at: DJIA+28.01 at 27677.70, NAS Comp +4.03 at 8570.70, S&P 500 +4.67 at 3117.43

Volume: Trade on the NYSE came in at 787-M/shares exchanged

  • NAS Comp +29.2% YTD
  • S&P 500 +24.4% YTD
  • Russell 2000 +19.8% YTD
  • DJIA +18.7% YTD

HeffX-LTN’s overall technical analysis for the major US stock market indexes is Bullish in here.

Looking ahead, investors will receive the following reports Friday: the Employment Situation Report for November, the preliminary University of Michigan Index of Consumer Sentiment for December, Wholesale Inventories for October, and Consumer Credit for October.

Making and Keeping America Great!

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