Banks Support The Market; ABI < 14; Gold Starting Breakout

12:55 p.m. ET The preliminary October University of Michigan index of Consumer Sentiment slipped to 68.9 (consensus 71) from the final reading of 70.1 for September. 1-year inflation expectations 2.9% (consensus 2.7%) 5-10 year inflation expectations 3.0% (consensus 3.0%) The key takeaway from the report is that consumers remain frustrated over high prices, causing sentiment to…