Daily Report : Consumers and experts think the future will be better; Recovery in 200-day average breadth shows long-term promise

The latest surveys show that consumers are feeling a little bit better about their current conditions, while still being optimistic about the future. This is the kind of recovery seen around longer-term turning points. In the eurozone, experts are still showing pessimism about the present versus the future, to a near-record degree.; Over the past two months, a recovery in the percentage of S&P 500 stocks trading above their 200-day average looks like it did in 2009. It looks even more similar to other periods, though, with a mostly positive indication for long-term returns.

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