Thursday, November 23, 2017

Myles Udland — A major psychological shift is occurring across markets and the economy

Markets and the economy are increasingly being characterized by one word: certainty.
This is likely to worry some investors and market watchers who see over-confidence in the future as a sign that things are about to change.
On Wednesday, the latest consumer sentiment survey from the University of Michigan indicated that while overall confidence in the economy is sitting right near a 13-year high, “what has changed recently is the degree of certainty with which consumers hold their economic expectations.”...

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