Consumer Sentiment: Daily Contrarian, May 13
Good morning contrarians! It’s Friday, May 13. Great day for a meltdown. But remember what Yogi Berra said: It’s bad luck to be superstitious.

As of 0615, stock futures are pointing to a higher open anyway. Tech stocks are leading things out, with the Nasdaq up 1.6%. S&P 500 futures are up 1% with Dow Industrials up a little less.

Today we have the University of Michigan consumer sentiment reading at 1000. And of course the saga of Elon to hog hedlines, with his latest tweet that the Twitter ($TWTR) deal is “temporarily on hold” causing that stock to drop more than 20% in the pre-market.

How bad has the damage been from all this selling? Some anecdotal evidence from my time in Las Vegas.

All of that and more in today’s briefing and podcast. Get it here:
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