Low Vibes Aren't Keeping the U.S. Economy Down

According to one prominent news outlet, “Americans still feel worse about the economy than at almost any point in modern history.” The proof? The University of Michigan’s (U-Mich’s) widely watched consumer sentiment poll.[i] Yet a host of results-oriented US data paints a brighter picture. Which is right? We think the latter. This is your friendly reminder sentiment surveys aren’t useful for assessing economic or market conditions, especially lately. Don’t rely on them to determine your next portfolio move. Read Full Article »