Market Sense and Sentiment

[Bernard Ng]

I left this out... another number coming out at 9:45am, instead of selling off at 10:00am, we might just do it at 9:45am.

Univ of Michigan sentiment expected at 79.2
The Univ of Michigan's final consumer sentiment number for February is due at about 9:45 ET; the market expects a 79.2 reading, unchanged from the early Feb number. Clearly there is a risk of a lower number given the sharp decline in the Conference Board's index. In fact, the market is almost certainly discounting a lower number even if economists aren't.