M
Mohamed El-Erian
President at Queens' College, Cambridge
2417012 followers
The June US consumer confidence index came in well above consensus expectations: 98.1 versus an expected 91 and May's 85.9. Similar to what will happen with Thursday's jobs data, there are questions re sustainability given recent health indicators. Meanwhile, markets are reacting well with the Dow cutting its losses and the S&P/NASDAQ heading higher in positive territory. #economy #us #confidence
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