Consumer Sentiment (Michigan) in 2015
Consumer Sentiment (Michigan) opened 2015 at 98.10 and closed at 92.60, a -5.61% move for the year. The high of 98.10 was reached on January 1, and the low of 87.20 on September 1.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 98.10 | 98.10 | 98.10 | 98.10 | +0.00% |
| Feb | 95.40 | 95.40 | 95.40 | 95.40 | +0.00% |
| Mar | 93.00 | 93.00 | 93.00 | 93.00 | +0.00% |
| Apr | 95.90 | 95.90 | 95.90 | 95.90 | +0.00% |
| May | 90.70 | 90.70 | 90.70 | 90.70 | +0.00% |
| Jun | 96.10 | 96.10 | 96.10 | 96.10 | +0.00% |
| Jul | 93.10 | 93.10 | 93.10 | 93.10 | +0.00% |
| Aug | 91.90 | 91.90 | 91.90 | 91.90 | +0.00% |
| Sep | 87.20 | 87.20 | 87.20 | 87.20 | +0.00% |
| Oct | 90.00 | 90.00 | 90.00 | 90.00 | +0.00% |
| Nov | 91.30 | 91.30 | 91.30 | 91.30 | +0.00% |
| Dec | 92.60 | 92.60 | 92.60 | 92.60 | +0.00% |
Events During 2015
The PBoC devalued the yuan by 1.9% in a single day on August 11, 2015, the first meaningful devaluation since 1994. Global risk assets convulsed.
Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.
The Swiss National Bank abandoned its 1.20 EUR/CHF floor on January 15, 2015. The franc immediately surged 30%, blowing up retail FX brokers and exposing the fragility of exchange rate commitments.
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