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_uJjRliLcGkCejM2CaSSNp0M-XlTuAgjcMylziVDhPzqQeNd13WXAOwnMWwgWX_Gg0plP-UmiW3tjAhmP75Il5aDkIQGTw8x-B0rS9tJQgoAvCm6LlUn5auzJNLlQTP2-hjaur9Yj6ynUXUBMFi_KunIAbuUuSnuGCIT4IPWclJKvnxqRSqPRG89jPUEApJ7g=s0-d)
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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_tI0QMnRz-UX0D2FnPSjjpvyVYVZfdoFO5iDe83nHMgFA9BIIxXVSQ4dw1GDmW0376HRyiJvfYr-j6s8Yn1vEFVOhkI8PKgcoOOLJNRpvCczArvGDiW0hb5Quu8OdsAlGY6mNleOmFe6W8GkiMaMc0YCKYPfcBIeiOjx28WhPm1UzyN0p027V-UtlkT=s0-d)
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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_sych6VvOLJAIkUbR4YqZ_OhHMZKAhaBPIyljPiefMSB13vMVG24nMl-DH2f4p32dJ4NHWZ9CGYQd4gBPGyzLrI6kUnIR0VQoW3DKKXlR404tuKH7Z8ImU7f-aoQueQU6rrKJwOKIgbQMLt1YkPZDYNDZ8aJgDDGgz1kpVNeh_IdeexOMAtGrYQ-XW293XD=s0-d)
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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_vOHK71HbwNxYJRi3e4FY7_ij6m9P47W2cnXg3Dj5lxTTuzsj6XfMfwZBiNeiLJ1yKW1y-J8xL1a-uYehqoDxEB2Zfrq6ts0kUDDh1wh0IAN-8v-OpmnNLZNyxWAf9APhSk6bVpLKjlwkN_NpoCROwvxgSZK-ym9FWP3bbZEArUOi5QdKHGIAixClg=s0-d)
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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
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