Hello traders everywhere! Jeremy Lutz here with your mid-day market update for Tuesday, the 29th of January.
The markets have largely shrugged off a report from the Conference Board showing that U.S. consumer confidence fell to a fourteen-month low in January.
The Conference Board said its consumer confidence index tumbled to 58.6 in January from an upwardly revised 66.7 in December. With the decrease, the index fell to its lowest level since November of 2011. This drop is a direct reaction to smaller paychecks and uncertainty about the debt ceiling. Continue reading "Today's Video Newsletter: Consumer Confidence Plunges"