Week that Was

With the July consumer sentiment number rising to 85.1, it’s now at its highest level since 7/07, and way up from its all time low of 55.3 set in 11/08. Add to that a sharp rise in non-defense durable goods orders, a rise in home prices, and a tiny rise in first-time unemployment claims, entirely attributable to scheduled auto plant retooling/shutdowns and end-of-school claims, and Q3 is looking up.

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