The stock market should be more worried about the hard economic data
Posted: Thu May 25, 2017 7:20 am
MarketWatch - 5/24/2017 - Howard Gold - The election of Donald J. Trump as president in November unleashed a wave of confidence among businesses, consumers, and investors that prosperity was just around the corner. This so-called “soft” data, based mostly on sentiment surveys, point to a surging economy in which 3% GDP growth—which we haven’t seen consistently since the 1990s—was within reach. Consider: The University of Michigan Consumer Sentiment index stood at 97 in April, just off its 13-year high of 98.5 set in January. The Conference Board Consumer Confidence Index at 120.3 in April also remains strong, though it slid from recent highs in February and March. Read more @ http://www.marketwatch.com/story/the-st ... 2017-05-24