Intraday Market Thoughts

Charting Consumer Confidence vs Oil & Stocks

by Ashraf Laidi
Feb 28, 2012 16:32

Our latest HotChart shows US Consumer confidence hit a 12-month high in Feb, proving yet again that consumer confidence indices (Conference Board's consumer confidence and Univ. of Michigan's consumer sentiment survey) are more impacted by equities rather than price of gasoline. But there is a catch. Meanwhile, Gold continues to decline relative to oil as the Gold/Silver Ratio drops below 49 as warned in this December HotChart


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