Crosscurrents: Part II

by Laura Ehrenberg-Chesler on September 25, 2009

in Economic Indicators,Employment

A few days ago my partner Marilou interviewed me regarding some of the crosscurrents we are experiencing in the equity markets.

Today we received more economic data that perpetuates this sentiment.  Durable goods orders were weaker than expected, but consumer sentiment at 73.5 was up quite a bit from the August number that was 65.7.

It may be that Americans feel better, but only from having been so depressed a few months ago.  Or, maybe the recession is ending and the economy will experience meaningful and sustained improvement.

Much remains to be seen, and we will continue to watch for better employment numbers that are likely the single most important ingredient in this recovery.

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