US Consumer Confidence: A solid rise in November - Wells Fargo

Analysts from Wells Fargo, explained that Consumer Confidence in the US usually rises after elections and this year was no exception and they saw a solid rise in November. 

Key Quotes: 

“Consumer sentiment often rises following presidential elections. This year was no exception, with the index jumping 8.2 points from its early November level.”

“Both the current conditions and economic expectations series increased but most of the gain came from improved expectations, which jumped 8.4 points. The rise in expectations is consistent with recent gains in equity prices.”

“Post-election bumps in consumer confidence tend to have little impact on actual economic conditions. At 93.8, consumer sentiment is at a healthy overall level but not so strong that we should expect spending to suddenly take off.”