Econ-data: University of Michigan Consumer Sentiment report registered a moderate rise

The preliminary University of Michigan Consumer Sentiment report for January registered a moderate rise from the final December reading, from 91.5 to 93.4. This was a positive report, but there does tend to be a lot of volatility. Please note that despite the chatter there is no significant correlation between consumer confidence readings and future consumer spending.

You can also read our Stock Market Outlook for 2006 and our Daily Stock Market Commentary.

-- Jack Krupansky