Welcome to Extreme Investor Network, where we bring you unique and valuable information on the stock market, trading, and Wall Street. Let’s dive into the latest economic conditions and market trends:
Current Economic Conditions have shown improvement, with a rise from 63.3 in September to 64.9 in October. However, the Index of Consumer Expectations has decreased slightly from 74.4 to 74.1.
Year-ahead inflation expectations have remained steady at 2.7%, staying within the 2.3 – 3.0% range seen in the two years prior to the pandemic. Long-run inflation expectations have seen a slight decline from 3.1% in September to 3.0% in October.
In response to the Consumer Sentiment report, the U.S. Dollar Index has settled near the 104.00 level. Despite lower Treasury yields, the move does not seem to be putting pressure on the American currency.
Gold has climbed above the $2735 level as traders focus on falling Treasury yields. With a strong bullish trend in gold markets, the impact of Consumer Sentiment data on the price of gold remains to be seen.
The SP500 has tested new highs following the release of a better-than-expected report. Currently, it is striving to settle above the 5870 level.
If you want to stay updated on all of today’s economic events, make sure to check out our economic calendar on the Extreme Investor Network website. Stay informed and ahead in the world of investing with us!