Mixed Feelings

Mixed Feelings

  When it comes to measuring consumer confidence, the two best-known surveys are published by the University of Michigan and the Conference Board. Both are widely followed and respected, but they measure slightly different things. The Conference Board’s survey...
Stressed Out

Stressed Out

  We have found that interest rates tend to call the tune of the stock market. In particular, the stock market tends to get stressed out when interest rates rise rapidly. Why? One reason is that bond yields (i.e., interest rates) compete with stock dividend...