Apart from stagnant wage growth, dismal economic growth, and tumbling spending growth, Americans remain ‘confident’ according to University of Michigan. Current conditions fell very modestly but ‘hope’ rose to its highest since January. Inflation expectations were steady (near record lows) but buying climates improved MoM.
It seems UMich respondents do not care about wage growth (just the Nasdaq)…
But are certainly not turning those animal spirits into real spending…
We stroingly suggest investors do not look at the 99/01 period when PCE dropped, sentiment reamined high – pinned by the Nasdaq – only to end very badly.
Related Posts
Indian Indices Open Marginally Lower; Banking And Energy Stocks Witness Selling
What are the long-terms goals for the Ethereum blockchain? Vitalik Buterin explains live at EthCC
Still Waiting On The Fed
Then There Is That Demand Thing- U.S. Smashes Record: Highest Production Of Lowest Quality Fuel In The World
Trendless Tuesday – Drifting Along On NO Volume
Leave A Comment