New York Fed Data Reflects Strong Consumer - Adviser Investments

New York Fed Data Reflects Strong Consumer

Adviser Investments’ Chief Investment Officer Jim Lowell has the market analysis for Friday, November 16.  The Dow Jones Industrial Average and S&P 500 gained 0.5% and 0.2%, respectively, and the NASDAQ fell 0.2%. In terms of indicators, the New York Fed released third-quarter household and credit data, with the household debt-to- income ratio enjoying its 17th consecutive gain and continuing to reflect a healthy consumer status. That ratio is currently around 20% higher than its mid-2013 low. Later this week, we will see home-related data regarding builders’ confidence, housing starts, building permits, existing home sales and durable goods orders as well as leading economic indicators for consumer sentiment and Markit manufacturing activity gauges.

Recent Videos

View All Videos

Lowell on China’s Evergrande Debacle

Wiener on the ETF Edge Podcast

Wiener Talks China on CNBC

Lowell on Fox Business: Market Still Has Room to Run

Adviser Investments' logo is a registered trademark of Adviser Investments, LLC.