Monday, March 30, 2009

Consumer Confidence Numbers Released Tuesday

Consumer Confidence Index for the month of March will be released tomorrow at 10:00 AM ET. The February consumer confidence reading, provided by the Conference Board, dropped to a record low 25.0 from a downwardly revised reading of 37.4 (from 37.7) in January.

Obama's fear mongering stopped in the middle of March, so we will see if that had any impact on the index. Further, it appears that the economy started to turn slightly upward in March. However, it is probably too early to have an impact on sentiment. Overall, sentiment is one of my least favorite of the leading indicators. Give me money supply numbers over sentiment data, any day.

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