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Myles Udland — A major psychological shift is occurring across markets and the economy

Summary:
Markets and the economy are increasingly being characterized by one word: certainty. This is likely to worry some investors and market watchers who see over-confidence in the future as a sign that things are about to change. On Wednesday, the latest consumer sentiment survey from the University of Michigan indicated that while overall confidence in the economy is sitting right near a 13-year high, “what has changed recently is the degree of certainty with which consumers hold their economic expectations.”... Yahoo FinanceA major psychological shift is occurring across markets and the economyMyles Udland | Markets Reporter

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Markets and the economy are increasingly being characterized by one word: certainty.
This is likely to worry some investors and market watchers who see over-confidence in the future as a sign that things are about to change.
On Wednesday, the latest consumer sentiment survey from the University of Michigan indicated that while overall confidence in the economy is sitting right near a 13-year high, “what has changed recently is the degree of certainty with which consumers hold their economic expectations.”...
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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