The Traderszone Network

Published in TZ Latest News 13 April, 2017 by The TZ Newswire Staff

BofA Finds Surging Consumer Confidence Does Not Result In Higher Spending

While markets are closed tomorrow for Good Friday, the Census Bureau will release both CPI and Retail Sales data at their regularly scheduled times. And since it will be impossible to trade these numbers as they are released, here is a courtesy advance look from Bank of America which as usual has released its internal debt and credit card data in advance of the government report. What it found is that while there has been a slight improvement to the surprisingly poor data from recent months, it is nowhere near what one would expect based on near record consumer confidence surveys.

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