Americans seen upbeat as election anxiety fades
So says this report from MSNBC (via Reuters).
U.S. consumers have grown more cheerful so far this month as the hotly contested presidential election drew to a close and job prospects seemed to improve, according to a survey released on Friday.
As anxiety over the election subsided, the University of Michigan's preliminary reading of confidence for November climbed to 95.5 from 91.7 in October, according to market sources who saw the subscription-only report. Economists had forecast a more moderate rise to 93.0.
What? MSNBC and Reuters can't afford their own subscriptions to the survey? Anyway, here, I think is the story's important observation.
... the correlation between confidence and retail sales has not been strong in recent years. For that reason, financial markets had little reaction to the figures.