Bad day for consumer stocks; good day for commodity shares

Bad day for consumer stocks; good day for commodity shares

The Conference Board’s latest reading on consumer confidence showed consumer expectations in June fell to their lowest level since 2013. The consumer confidence index for June fell to 98.7 from 103.2 in May, below expectations for a reading of 100. The report’s expectations index, which is based on consumers’ short-term outlook for income growth, the job market, and overall business conditions, fell to 66.4, its lowest reading since March 2013.

Notes You Need for April 28: Mall re-openings, Macao casino traffic, consumer confidence drop, reverse split for USO, China GDP target, TSLA vs Xpeng, Samsung forecasts drop, $565 expected in infrastructure stimulus in China

Notes You Need for April 28: Mall re-openings, Macao casino traffic, consumer confidence drop, reverse split for USO, China GDP target, TSLA vs Xpeng, Samsung forecasts drop, $565 expected in infrastructure stimulus in China

In my daily trawling through the market I come upon lots of tidbits of knowledge that I think are important to investors but that don't justify a full post. I've decided to start compiling these notes here each day in a kind of running mini blog that I'm calling Notes...