Then again maybe not. It would appear there would be a rise in sales and some consumer confidence
Optimism Wanes In Advance of Friday’s Job Numbers
Improvements in consumers confidence about the economy slowed last month, as the leading indices were up, but only slightly from October.
The Conference Boards Consumer Confidence Index came in at 73.7 in November. Though it rose only .6 from Octobers 73.1., the Index still is the highest its been since Feb. 2008, when it registered 76.4.
Likewise, the other major measure of consumer sentiment, Thomson Reuters/University of Michigan Surveys of Consumers, is at 82.7, a mere .1 above Octobers 82.6.
Today, the Institute for Supply Management said its index of manufacturing conditions fell to 49.5, down from Octobers 51.7. Its the lowest level since July 2009. The report pushed stocks down, and, despite some positive news from the homebuilding industry and a rebound in auto sales, helped set a cautious tone for the week. The first week of each month is when a number of important reports and indices are released, capped on Friday by the monthly employment numbers from the U.S. Department of Labor.
Optimism Wanes In Advance of Friday’s Job Numbers