Bullish
US Consumer Spending on the Rise $DIA, $SPY, $QQQ, $RUTX, $VXX Americans increased their spending in October at the fastest rate in 3 months even though income growth was essentially flat, its weakest showing in 13 months. The Commerce Department said Wednesday that consumer spending rose 0.3% last month, the best gainer since a 0.5% rise in July. An inflation gauge that is tied to spending edged up a modest 0.2% and is just 1.3% higher over the past 12 months, well below the Fed’s 2% annual target level for inflation. livetradingnews.com/us-cons...
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