Liberals Were Just Dying to Share This Talking Point Last Night
The Crusty Commies Are a Joke
Barack Obama Doing This Behind the Scenes Confirms Again That Kamala Was a...
Lawn Gone Liberty: The Update
Deportation Dysphoria in the Press, and MSNBC Loses Its Star Statistician
Jeffrey Goldberg Congratulates Himself All Over PBS
Shut Down the Department of Education ASAP
Why National Concealed Carry Reciprocity Will Make Americans Safer
Self-Destructive Democracies
The President Who Set the Precedent Against a Third Term
Roadmap to Reform CDC -- Currently the Centers for Disaster and Confusion
Progressives Are Well Organized, Patriotic Americans Have to Do It Even Better
Supreme Court’s Getting Busy
Lawmakers Shouldn’t Let Bad Actors Get Away With Harming Children Online
Where Are the Left’s Protests Now?
OPINION

Consumer Comfort Index Highest It's Been In Years

The opinions expressed by columnists are their own and do not necessarily represent the views of Townhall.com.
Advertisement
Advertisement
Advertisement

Thursday was another remarkable session that saw the market gain strength into the close, as investors digested a tidal wave of good to great corporate news and economic data. The biggest winner in the S&P 500 was Morgan Stanley (MS), powered by strong earnings and even better guidance.

Advertisement

I know I used a similar chart yesterday, but the visual of combined new highs on the NYSE and the NASDAQ Composite is a sight to behold.

  • 677 new highs
  • 20 new lows

Yesterday, the Bloomberg Consumer Comfort Index climbed for the eighth time in the last nine weeks, finishing at its highest level since October 2011. The comfort gauge among married adults has hit a record high, and the Midwest attained its best level since September 2000. The buying climate rallied to a reading of 58, the second-best on record.

Big Economic Calendar

Today, we’ll have a lot to chew on with a wide slate of data that should confirm certain trends and information on investment strategy. I would like to see less partisanship in sentiment numbers because that could help take the measure to an all-time high. 

Datapoint

Consensus Estimate

Housing Starts

1.375 million

Housing Permits

1.473 million

Capacity Utilization

76.9

Consumer Sentiment

99.6

Jobs Opening

NA

Advertisement

The Last Shall Be First?

The Russell 2000 has been the best performing sector over the past five days, and the index is making a major breakout. I’ve looked at the index for the past year, maybe it’s time.

Major Indices

Russell 2000

S&P 500

Dow Jones

NASDAQ Comp

5 -Days

+2.4%

+1.3%

+1.6%

+1.7%

Year to Date

+2.2%

+2.7%

+2.6%

+2.7%

One Year

+17.2%

+26.8%

+21.0%

+33.0%

Three Years

+26.1%

+46.0%

+48.0%

+68.4%

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos