Source: Federal Reserve Bank of New York, J.P. Morgan Asset Management
Consumer Confidence is Improving
Last week:
Low levels of consumer confidence have been a staple of the current expansion but given a lower unemployment rate and the power of holiday cheer, where does confidence stand today?
Answer:
The daily Rasmussen Consumer Index of confidence stood at 76.3 on December 9th, a noticeable improvement from the 2011 low of 58.1, likely due to continued job creation and economic growth.
Next week:
In 1984, the 5 golden rings (of Christmas) would have cost $325; how much would they have cost in 2011?
Source: Rasmussen Reports, J.P. Morgan Asset Management
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When was the last time we witnessed a 4.2% DJIA increase?
Last week:
Last Wednesday, the Dow Jones Industrial Average rose by 4.2%; when was the last time the index had a daily move of at least this magnitude?
Answer:
The Dow’s 4.2% gain was the biggest single day move in percentage terms since March 2009.
Next week:
Low levels of consumer confidence have been a staple of the current expansion but given a lower unemployment rate and the power of holiday cheer, where does confidence stand today?
Source: Rasmussen Reports, J.P. Morgan Asset Management
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Turkey Consumption Increases over 100% {Since 1970}
Last week:
How much has turkey consumption increased since 1970?
Answer:
Turkey consumption has increased 102% since 1970.
Next week:
Last Wednesday, the Dow Jones Industrial Average rose by 4.2%. When was the last time the index had a daily move of at least this magnitude?
Source: National Turkey Federation, J.P. Morgan Asset Management
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