The University of Michigan's Consumer Sentiment index rose to 71.8 by 1.3 for the month of November, yet the print still fell below estimates forecasting 73.9.

Catalysts hosts Seana Smith and Madison Mills break down the latest consumer sentiment data — along with the Purchasing Managers' Index (PMI) figures for both services and manufacturing — ahead of the holiday shopping season.

To watch more expert insights and analysis on the latest market action, check out more Catalysts here.

This post was written by Luke Carberry Mogan.