University of Michigan consumer sentiment final for November 71.8 versus 73.7 estimate

• Preliminary 73.0
• Consumer sentiment 71.8 versus 73.7 estimate. Preliminary 73.0. Prior month 70.5
• Expectations and 76.9 versus 78.5 preliminary. Prior month 74.1
• Current conditions 63.9 versus 64.4 preliminary. Prior month 64.9
• 1-year inflation 2.6% versus 2.6% preliminary
• 5-year inflation 3.2% versus 3.1% preliminary. Prior month 3.0%

The data was weaker than the preliminary but up from the prior month. The 1 year inflation was the lowest since December 2022, but the 5 year is the highest since June 2008.

Yields:

• 2 year 4.355%, +0.7 basis points
• 5 year 4.287%, -1.6 basis points
• 10 year 4.402%, -3.0 basis points

Looking at the major indices the flow of funds continues into the Russell 2000 sector with prices up near 1%. The Dow industrial is up 0.59%.

• Dow +260 points or 0.59%
• S&P +12.82 points or 0.22%
• Nasdaq -12.69 points or -0.07%
• Russell 2000 was 23.11 points or +0.98%

This article was written by Greg Michalowski at www.forexlive.com.