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Technology Stocks : Semi Equipment Analysis
SOXX 281.61+1.7%Nov 19 4:00 PM EST

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To: Donald Wennerstrom who wrote (56735)6/29/2012 12:05:19 PM
From: Donald Wennerstrom2 Recommendations  Read Replies (2) of 95443
 
OT: Michigan Consumer Sentiment:
Lowest in Six Months
By Doug Short
June 29, 2012

The University of Michigan Consumer Sentiment Index final number for June came in at 73.2, a 6.1 point drop from the May final of 79.3 and the weakest reading in six months. Today's number was below the Briefing.com's consensus forecast of 74.1.

See the chart below for a long-term perspective on this widely watched index. Because the sentiment index has trended upward since its inception in 1978, I've added a linear regression to help understand the pattern of reversion to the trend. I've also highlighted recessions and included real GDP to help evaluate the correlation between the Michigan Consumer Sentiment Index and the broader economy.

advisorperspectives.com

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