Consumer sentiment rises in January

Summary

Rick Santelli reviewed the University of Michigan January final consumer sentiment report, which beat expectations and showed improved inflation expectations. The headline sentiment index rose to 56.4, current conditions to 55.4, and expectations to 57, while one-year inflation expectations fell to 4.0% and five-to-ten-year expectations eased to 3.3%. He also noted leading economic indicators for October and November were expected but not yet released. The transcript begins with a teaser about beaten-down software names and a potential buying opportunity from investor Byron Deeter, but no investment thesis is developed.

• UMich January final consumer sentiment index came in at 56.4, beating expectations and the best since August.
• Current conditions rose to 55.4 and expectations rose to 57, both above forecasts.
• One-year inflation expectations fell to 4.0%, and five-to-ten-year expectations eased to 3.3%.
• Rick Santelli said leading economic indicators for October and November were expected but not yet released.
• The segment teased a discussion on crushed software names and a possible buying opportunity from Byron Deeter.
• The available transcript contains no explicit tradeable recommendation or directional investment call.