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SH - Consumer Confidence And Home Prices Move Higher
ProShares Short S&P500
By Robert Hughes
The Consumer Confidence Index from The Conference Board rebounded in July, increasing by 11.4 points to 135.7, the highest level of the year and the highest since November. The index is constructed so that it equals 100 in 1985. The composite index is just 2.2 points below the cycle high of 137.9 in October 2018 and 9 points below the all-time record of 144.7 in May 2000 (see top chart).
Both components of the index posted gains for the month. The present-situation component rose 6.6 points to 170.9, the highest since February