Worst consumer confidence in a year!
Consumer sentiment has soured and disappointed the market this morning, turning the stock market red. This is amazing, given that last night, the Dow was up nearly 100 points. Now, we've given up all those gains and are now in the red. Wow!
And thus QE2 is right back on the table... Sigh. The prior print was 68.9, and it was hoped it would move higher to 70.0. No such luck as we get the lowest print since August 2009.
- Expectations: 59.1 vs. Exp. 64.2 (Prev. 62.9)
- Conditions: 78.4 vs. Exp. 79.0 (Prev. 78.3)
- 5-year Inflation: 2.8% vs. Prev. 2.8%
- 1-year Inflation: 2.2% vs. Prev. 2.7%
