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Contrary to conventional wisdom, says Citi's Tom Fitzpatrick, it's consumer sentiment that...
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Wednesday, June 27, 2012, 8:34 AM ETContrary to conventional wisdom, says Citi's Tom Fitzpatrick, it's consumer sentiment that drives equity markets, not vice versa. To him, the turn lower in consumer confidence (not yet showing up in stocks) suggests the market is headed down - perhaps revisiting the lows of 2011.
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