Reuters reports that the University of Michigan’s consumer sentiment index was a reading of 75.2 in October. This is the preliminary reading for the month, and is a decrease from September’s final reading of 77.5.
The decrease is the third consecutive monthly decline in the index and was caused at least in part by the U.S. federal government shutdown. Consumer sentiment has not been this low since January.
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There are many ways to define risk. Warren Buffett has said that "risk comes from not knowing what you're doing." Q3 2020 hedge fund letters, conferences and more His mentor, Benjamin Graham, believed that risk should be measured as the chance of a permanent capital impairment of an investment. Seth Klarman also holds this view. Read More