Monthly Archives: November 2013

Consumer psychology is highly fluid and data dependent, so don’t be confused by the following conflicting responses. U.S. consumers now estimate they will spend $704 on Christmas gifts this season, down from their $786 average prediction in October. Americans’ latest … Continue reading →

  It is hard to find a more real-time quantitative indicator of the retail investor than mutual fund flows.  After five years of very strong US equity market performance, the so-called “mom-and-pop” investors are beginning to view equity investments in … Continue reading →