- Investor sentiment and behavior, whether retail or institutional, capture the market "mood"-is it optimistic or pessimistic?
- The three most commonly referenced confidence indicators are the University of Michigan Consumer Sentiment Index, the Conference Board Consumer Confidence Index and the NFIB (National Federation of Independent Businesses) Small business Optimism Index.
- While uncertainty remains over new taxes and regulations that are almost certain to come under the Biden administration and a Democrat-controlled Congress, the general mood of most consumers seems to be one of cautious optimism.
For further details see:
All Along The Watchtower, Part I