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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
US
- It is interesting to see that despite the sharp recovery in equities in the past 18 months, US consumer confidence has remained depressed.
- The chart below shows the strong divergence between the SP500 index, which generally represents a proxy for the economic activity, and Michigan Consumer Confidence, which is currently standing close to a 10-year low.
- Consumers' outlook of their personal financial prospects have been worsening in the past few months due to the rising uncertainty over the Delta variant.
- Hence, some investors have been concerned that US risky assets still look 'fragile' as Fed prepares for tapering and equities could face several rounds of sell-off as liquidity contracts in the coming months.
Source: Bloomberg/MNI
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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