If Bad News Falls In The Forest…

There was bad news on the macro front Friday, although between Veteran's Day, high drama in the crypto space and the lingering sugar high from Thursday's fireworks, it had a distinctive "If a tree falls in the forest" feel. Consumer sentiment deteriorated meaningfully at the beginning of November, the preliminary read on University of Michigan's gauge showed. At 54.7, the headline print missed by a mile. Consensus wanted 59.5. The lowest estimate, from nearly five-dozen economists, was 56. The

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3 thoughts on “If Bad News Falls In The Forest…”

The faculative have facilitated their non preference it seems. The Fed, unknown god to the multitude has something to work with here.

These two factors are directly related. Inflation expectations kill sentiment. But they also tamp down aggressive consumption and speculative investment (think housing) which is about the only inflation factor our polity can control. So with respect to dampening inflation, both factors are a positive, IMHO.