Daily Trader: Consumer Sentiment Sinks into FOMC Meeting

• January consumer confidence came in at 84.5, a significant miss compared to the expectation of 90 and a revised 94.2 from the previous month.
• The speaker notes a strong political divide in consumer confidence, with Republicans showing higher confidence (120) than Democrats and Independents (both at 70), suggesting the overall number should be taken with a 'grain of salt'.
• The upcoming Fed meeting's press conference is anticipated to bring significant news, and healthcare stocks (United Health Care, CVS, Humana) are being negatively impacted by the Trump administration's decision to keep Medicare rates roughly flat.

The video discusses the January consumer confidence report, which significantly missed expectations, and highlights a strong political divide in the sentiment data. It also previews the upcoming Fed meeting and analyzes the impact of Medicare rates on healthcare stocks like United Health Care, CVS, and Humana.