all week long the market has gone up on bad numbers. today we got one good number and it sold off. change of trend happening?
10:05 ET Economic Detail : The 7.2 point rise in Michigan Sentiment leaves the strongest level of expectations and the overall index since May '02 as the two month post-war surge sums to a 20% rebound. The weak labor market and manufacturing sector leave the present situation component up just 5% over the last two months as expectations have surged 33% with the end of war and higher equity prices. However, while the strong lift in sentiment is encouraging the survey tracks the consumer psyche far more closely than consumer spending