The focus of the economic data this week is on the U.S. consumer, with three major consumer-based releases due out. Starting on Tuesday with the Conference Board Consumer Confidence Index, investors should get a look at how consumers are responding to the events of August, which included emerging currency issues in Turkey, rising geo-political uncertainty in the United States, and an up and down stock market. On Thursday, Personal Spending and Income for July are out, and the week wraps up with the final release of the University of Michigan Consumer Sentiment Index for August.
As we stated on CNBCs Fast Money last week, we continue to believe that our core thesis is intact despite rising volatility and that consumers continue to make spending decisions based on things such as the strong U.S. labor market and not all of the other noise in the markets, both domestically and abroad.
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