The paradox of the American consumer will continue as the University of Michigan Consumer Sentiment is expected to gain yet again. The disconnect between how good does the average consumer feel versus the amount of money they spend measured by retail sales to be reported two days earlier will continue to grow. The UoM survey is expected at 96.5, an improvement over last months 95.9. This is the preliminary version of the survey to be further revised 14 days later. The data will be released on Friday, May 15 at 10:00 am EST.
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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