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November 29, 2016 | A Consumer Vote of Confidence for Trump?

Rick Ackerman

Rick Ackerman is the editor of Rick’s Picks, an online service geared to traders of stocks, options, index futures and commodities. His detailed trading strategies have appeared since the early 1990s in Black Box Forecasts, a newsletter he founded that originally was geared to professional option traders. Barron’s once labeled him an “intrepid trader” in a headline that alluded to his key role in solving a notorious pill-tampering case. He received a $200,000 reward when a conviction resulted, and the story was retold on TV’s FBI: The Untold Story. His professional background includes 12 years as a market maker in the pits of the Pacific Coast Exchange, three as an investigator with renowned San Francisco private eye Hal Lipset, seven as a reporter and newspaper editor, three as a columnist for the Sunday San Francisco Examiner, and two decades as a contributor to publications ranging from Barron’s to The Antiquarian Bookman to Fleet Street Letter and Utne Reader.

Many of those who voted for Hillary have been scratching their heads wondering why the stock market has performed so well since the election. Will consumer confidence numbers for November due out on Wednesday show that consumers in general, and not just voters, are more optimistic about the economy’s likely direction under President Trump in the months ahead? If so, look for the datum to come in at the high end of estimates ranging from 99.6 to 104.5.  The last reading was 98.6, down a sharp 5.5 points from October.

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November 29th, 2016

Posted In: Rick's Picks

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