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The sentiment warning

Chris Dillow

Chris Dillow
The sentiment warning

US consumers are still depressed. The Conference Board is likely to report next week that its measure of sentiment is well below its long-run average, despite signs of a pick-up in the housing and labour markets in recent months; in the last 12 months, employment has grown by 1.7 per cent and house prices have risen 4.3 per cent. This fact is surprisingly important for even the most parochial of UK investors.

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