FYI: Today's release of Consumer Confidence missed estimates by a pretty big margin. While economists were looking for a level of 96.0, which would have represented a modest increase from October's reading of 94.1, the actual reading came in at 88.7. This was the lowest reading since June and the biggest miss relative to expectations since March 2013. As shown in the first chart below, this month's increase also brings the headline reading back below its historical average of 93.3 going back to 1967. Since the recession ended in June 2009, there have only been two months where we have seen above average readings in confidence.
Regards,
Ted
http://www.bespokeinvest.com/thinkbig/2014/11/25/confidence-gap-narrows.html?printerFriendly=true
