The Consumer Is Feeling Pretty Good
The discussion surrounding the market in recent trading days has been centered on three core stories; the lofty level of the US equity market following a long and steady run up, the pending effects of the Fed’s shifting interest rate policy on the markets and the economy, and the seemingly never ending discussion on Greece. Those issues dominate the pages of the papers and the pundits on TV. Frankly I have become little tired of this trio of ongoing sagas, and decided to look at another trend which is potentially as important to the market; the return of the American consumer.