Election Blues For Red Consumers

Consumer sentiment unexpectedly declined in the preliminary read on the University of Michigan survey for November, although I'm not sure "unexpectedly" is the right word. The headline gauge printed a disappointing 77. That was well below consensus, which was looking for 82. 77 matched the most pessimistic guess estimate from more than four dozen economists. It's starting to feel like the US will soon be mired in a two-speed economic scenario, where manufacturing continues to hold up, even as