Dec U Michigan consumer sentiment 74.5 vs 82.4 exp

Author: Adam Button | Category: News
  • Worst since August
  • This is the preliminary reading for December
  • Final November reading was 82.7
  • Current conditions 89.9 vs 90.7 prior
  • 12-month outlook 75 vs 97 prior

Huge miss on the outlook and it comes at a sensitive time around the holidays. Might be fiscal cliff related but who knows.

Risk assets don’t like it and Boehner will probably stomp out any lingering optimism at 1600 GMT.