Numbers can shape economic mood, outlook

As we are seeing with the very bullish stock market and the significant uptick in consumer confidence, positive economic data can be a significant factor in economic activity. Since last year’s election, the S&P 500 has gained 9.2 percent and the DOW Industrial Average has gained 11.2 percent while the Consumer Confidence Index, compiled monthly by The Conference Board, reached its highest level since December 2000.