A Consumer Confidence Gauge Hits Record High
According to the New York-based Conference Board’s indicator, U.S. consumer confidence increased in August to 133.4 - the highest level in around 18 years.
According to the Board’s gauge, consumer sentiment about present conditions in August climbed to the highest value since December 2000, while the expectation measure rose to a six-month high.
Compared to the previous month’s 20.4%, a fraction of households expecting incomes to increase in the next six months was 25.5% - marking the highest share since December 2000. The share of households expecting more jobs, however, declined to 21.7%, from preceding month’s 22.6%.
Contributor
Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
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