Why Should We Care About Consumer Confidence In Denmark?

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Why Should We Care About Consumer Confidence In Denmark?

Most (European) economy-watchers’ attention will be on the fall in consumer confidence that was announced this morning:

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And, while that certainly has interesting implications including (but not limited to)…

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Another data point out of Europe today might be even more interesting to investors: Denmark’s consumer confidence.

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Why, you ask?  Well, it has a pretty nifty correlation with the S&P 500…

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If the past relationship holds, it appears that there is a chance for further weakness in U.S. stocks.

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