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END OF MONTH WINDOW DRESSING

|Includes: AABA, AAPL, AMZN, DBA, DBB, DJP-OLD, EEM, EFA, EPI, EWA, EWC, EWJ, EWZ, FCG, FDN, FXE, FXI, FXY, GLD, IEF, INTC, IWM, IYR, IYZ, JCP, JJG, QQQ, RSX, SLV, SMH, SPDR S&P 500 Trust ETF (SPY), TLT, UGA, UNL, USL, UUP, XHB, XLB, XLE, XLF, XLI, XRT

 
 

The U of Michigan Consumer Sentiment Index was cherry-picked by bulls as the indicator upon which to rally stocks Friday. But, frankly is it really a valid measure of current consumer attitudes? I don't think so given it's weighted heavily by stock prices and curiously by gasoline prices. With the latter, a one week ten cent drop in prices hardly makes a trend...READ MORE



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