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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United StatesUS Michigan Expectations climbed to 88.1 in April 2017
FMPMonthlyReleased May 2017
US Michigan Expectations climbed to 88.1 in April 2017, released May 2017, up 1.1 from March's 87 reading.
Latest Release
88.100000
Actual
—
Consensus
87.000000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| S&P 500 | ▲ Direct | +0.50 | INDEX | Bullish Stocks | → View |
| EUR/USD | ▼ Inverse | −0.45 | FOREX | Bearish EUR | → View |
| USD/JPY | ▲ Direct | +0.40 | FOREX | Bullish USD | → View |
| XAU/USD | ▼ Inverse | −0.35 | COMMODITIES | Bearish Gold | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Michigan Expectations (United States) was reported at 88.10 in May 2017. The reading rose from the previous value of 87.00. This is classified as a medium-impact indicator released on a monthly basis.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with S&P 500 (Bullish Stocks). A secondary relationship exists with EUR/USD, negatively correlated (Bearish EUR).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include CFTC Gold Speculative net positions (Jun 19) and CFTC S&P 500 speculative net positions (Jun 19).
Auto-generated from current model state · Refreshes on each release · Last update May 2017.
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Michigan Expectations - US
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About Michigan Expectations — United States
DEFINITION
Index The Michigan Expectations Index is a financial indicator that measures the level of confidence and future expectations among consumers in the state of Michigan. It is based on a survey of households and provides valuable insights into the economic outlook and potential spending patterns in the region. This index is widely used by economists and investors to gauge the overall sentiment and potential growth in the Michigan economy.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (May 2017): actual 88.1.
WHAT'S NEXT
This indicator correlates most strongly with S&P 500 (Bullish Stocks, r=0.50) — a useful reference for index-focused traders.