THE BASIS POINT

Consumer Sentiment, Leading Indicators down.

 

Leading Indicators (June 2014)

– Leading Indicators month/month +0.3%.  Previous was +0.7%.

This is a rehash of 10 other pieces of data and has, for some time, merely reflected the Federal Reserve policy of increasing money supply and keeping rates low.

University of Michigan Consumer Sentiment (July 2014)

– Consumer Sentiment 81.3.  Previous was 82.5.

This index is derived from surveys of consumers attempting to ascertain their spending in the next 90 days.

 

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