The more positive sentiment can be directly tied to the recent election, the rally in equities markets, and the improvements in the labor and housing markets.
 
The weekly unemployment claims report came in a day early this week because of the Thanksgiving holiday.
 
It showed fewer people filed applications last week as damage from Superstorm Sandy began to subside.
 
Jobless claims decreased by 41,000 to 410,000 for the week ended November 17. The Bloomberg consumer expectations gauge for November showed the first positive reading since March and the highest since February 2011.
 
Each week, 250 are asked for their views on the economy, personal finances, and the buying climate.
 
The most recent reading is based on the average responses over the past four weeks.
 
The reading can range from 100 and this most recent reading indicates respondents had a positive response to all three components.
 

This Website Is For Financial Professionals Only

Why Join Advisors4Advisors from Advisors4Advisors