Consumer Sentiment
Released on 7/16/2010 9:55:00 AM For Jul, 2010
Prior Consensus Consensus Range Actual
Sentiment Index - Level 76.0 75.0 71.0 to 76.0 66.5

Highlights
The economic recovery is slowing and consumer spirits are falling. Consumer sentiment literally plunged in the mid-July reading, down nearly 10 points to a 66.5 reading that pushes this index back to the lows of last year. Both the expectations and current-conditions components show roughly 10 point drops.

The stock market has been holding up so this report is likely picking up troubles in the jobs market. One positive is today's apparent capping of the Gulf spill, a disaster which hit regional confidence in the monthly consumer confidence report for June. In the end, consumer confidence is tied to income expectations which, given the now fizzling recovery, are in question. Stocks are moving lower following this report with money moving into the safety of Treasuries.

Market Consensus Before Announcement
The Reuter's/University of Michigan's Consumer sentiment index rose to 76.0 for the final June reading, up from 75.5 at mid-June and from 73.6 May and 72.2 in April. Sentiment hit a recent low in mid-April of 69.5. The latest gain in sentiment was led by the current conditions component as the expectations component edged back. Looking ahead, the mid-July reading overall could be lifted by further gains in the stock market and a recent dip in initial jobless claims. But market expectations should still be modest given that unemployment remains high and hiring sluggish.
Definition
The University of Michigan's Consumer Survey Center questions 500 households each month on their financial conditions and attitudes about the economy. Consumer sentiment is directly related to the strength of consumer spending. Consumer confidence and consumer sentiment are two ways of talking about consumer attitudes. Among economic reports, consumer sentiment refers to the Michigan survey while consumer confidence refers to The Conference Board's survey. Why Investors Care

[Chart] Consumer sentiment is mainly affected by inflation and employment conditions. However, consumers are also impacted by current events such as bear & bull markets, geopolitical events such as war and terrorist attacks. Investors monitor consumer sentiment because it tends to have an impact on consumer spending over the long run (although not necessarily on a monthly basis.)
Data Source: Haver Analytics

2010 Release Schedule
Released On: 1/15 1/29 2/12 2/26 3/12 3/26 4/16 4/30 5/14 5/28 6/11 6/25 7/16 7/30 8/13
Released For: Jan Jan Feb Feb Mar Mar Apr Apr May May Jun Jun Jul Jul Aug

Released On: 8/27 9/17 10/1 10/15 10/29 11/12 11/24 12/10 12/23
Released For: Aug Sep Sep Oct Oct Nov Nov Dec Dec

sir i have bought TATASTEEL OPTION [email protected] what i will do tomorrow should i hold or exists. pls advice

Hi arun bj, they might open 1% lower as Dow seems to trade weak, keep a trailing SL at 5350 on Nifty and hold them little longer

Hi Avtar, hold Tata steel with a tight SL at 502, Ventura Textiles Ltd is a weak bet fundamentally, avoid it

Hi ASHIM, keep a SL at 502 and hold it

Hi mathangi, yes, IFCI looks strong above 190, it might open around 193

Hi matlee81, thanks for the update

Hi SUBRAYA JOISA K, it would be better to book profits in educomp around 635 on Monday, hold the rest for 2-3 weeks time, they are likely to give a bounce with the Markets

Hi DSP, do you mean S&P 500? (U.S)

Hi swetang, we might open around 5360, we face strong support at 5350, below which we could see some more downside

yes karthi.i asked 20 days ago.if u add s&p to charts than we may watch it technically&may have some idea about its resistances,supports.one more thing for stocks u give 3 support&resistance levels .likely pls give those levels for nifty also.i think u consider may requests.pls.

Hi CB/Kartik,
Good evening,
As you know I have one lot of sesa goa at 348 future, And its result has to come on Monday. I am afraid about the outcome of result, do you think I should book loss and exit on monday.

I realy do not have more confidence in stock market, as I have lost all my money in Jan to May 2010.

Thanks

hi kartik. nifty breck 5350 then monday down side target for nifty and infosys

Hi CB / Karthick, why KSB pumps, euromulti vision and siyaram silk rallied today. Is there any news? Can i buy any of them at CMP?