Confidence Trying To Go Positive
The Conference Board’s reading on Consumer Confidence just popped to 39.2 for the month of April. This is above a reading of 26.9 revised for March from a preliminary 26.0 reading. We had estimates being 29.0 from Dow Jones and…
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The present situation index gained to 23.7 from 21.9 in March, but the expectations index rose to 49.5 in April from 30.2 in March. That expectations index is the highest reading since September. This is still in contraction territory.
The bulls will have to settle for the “less-bad is good” notion, for now. Stocks were all in negative territory, but they are challenging the break-even line after the data.
JON C. OGG
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Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.
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A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.
