Here are four charts reflecting confidence survey readings. These are from the SentimenTrader.com site.
I find these charts valuable as they provide a long-term history of each survey, which is rare.
Each survey chart is plotted in blue, below the S&P500:
(click on each chart to enlarge image)
Conference Board Consumer Confidence, last updated 5-30-11:
![EconomicGreenfield 6-2-11 Conf Board 5-30-11](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_vq9ccqPYNwSiAG_gLrQ95CQxf24DTvgVArDO87L6Tkat-drHZ-NcZOf1xHPMgDA-OzfeiyIgM8IbMc3r56uxhJRaKthuoXP0xSbW11luJk5I_7XJwE6UMcjXCe0lylLq_dHqdr8O7-8gfNB-RljoF1YkMIp_4QSf-sK2AXZlfAbxrK37HgHsOdd2emBnNUpQ=s0-d)
-
University of Michigan Consumer Confidence, last updated 5-27-11:
![EconomicGreenfield 6-2-11 U of M 5-27-11](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_uHq0Zwvg4jIwEi5W_7bm53wBBt4a74UjYbsfyTkQNbAKFjAamSCZ7YBKa2E7mIkp8wxw47DpFsLJthRmhMtLwGGeEUdZs_34gmfFp3JcE3_V4M9lM0MuvlLEtM4GnNfO7522RBa5rSRNcv7Ccb9T8jEkj9C6DnIUDcC5Eg0ISKGqnV8pnxP6yoWbVH=s0-d)
-
Bloomberg Consumer Comfort Index (formerly the ABC News Consumer Comfort Index) last updated 5-20-11:
![EconomicGreenfield 6-2-11 ABC News 5-20-11](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_v5kuF19qv_CkTj1h-OAgxs4fcxWA6ltMA2_y0CI8Gin07u4CKdscKoy9H6hvQ40PlCbsX3Htsv8GQGJDsQVVVKy4CroxB6eOPSq74ZemLoB5ws2Z9QT2o3gHWIUY7n5Nxvk7PmD0TN8AvK7HqTL6Zyd2DJ1jS7xrF46andExrzZMreHTML5e3OqXkE3obJ=s0-d)
-
NFIB Small Business Optimism, last updated 5-31-11:
![EconomicGreenfield 6-2-11 NFIB 5-31-11](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_sWePnmiBLx8jLwy0eA9fz8KY7CUHySaYvtClkQuKdl2GQalk1k9GJrQas0PcSDjzEgLwJRhOEN3_ScUd0Ya0xRPqWcnCAN6T3XsznxaDyOp33EclT_YVsSrnbMoHWIUynURaaJl0k0hnX92wgUjmgEvORgkZGwQm6fXQWucR9tPBleJHRH-THPkro=s0-d)
-
As one can see, these charts continue to show subdued readings, especially when viewed from a long-term perspective.
These charts should be interesting to monitor going forward. Although I don’t believe that confidence surveys should be overemphasized, they do help to delineate how the economic environment is being perceived.
_____
The Special Note summarizes my overall thoughts about our economic situation
SPX at 1314.55 as this post is written
I find these charts valuable as they provide a long-term history of each survey, which is rare.
Each survey chart is plotted in blue, below the S&P500:
(click on each chart to enlarge image)
Conference Board Consumer Confidence, last updated 5-30-11:
-
University of Michigan Consumer Confidence, last updated 5-27-11:
-
Bloomberg Consumer Comfort Index (formerly the ABC News Consumer Comfort Index) last updated 5-20-11:
-
NFIB Small Business Optimism, last updated 5-31-11:
-
As one can see, these charts continue to show subdued readings, especially when viewed from a long-term perspective.
These charts should be interesting to monitor going forward. Although I don’t believe that confidence surveys should be overemphasized, they do help to delineate how the economic environment is being perceived.
_____
The Special Note summarizes my overall thoughts about our economic situation
SPX at 1314.55 as this post is written
No comments:
Post a Comment