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Consumer Confidence Disappoints As Hope Fades - Brad Williams #4619
Financial Survival Network
English - January 07, 2020 13:00 - 15 minutes - 20.8 MB - ★★★★ - 31 ratingsBusiness Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Mickey Fulp's Monthly/Annual Major Market Review & 2019 Wrap Up
Next Episode: The World is Going Wild - John Rubino #4620
Following the headline decline for Conference Board Consumer Confidence in November, analysts are expecting an exuberant bounce in December as every asset class rose majestically (despite retail sales slowing). But, despite record high stocks, the headline consumer confidence data disappointed, printing 126.5 (down from the upwardly revised 126.8) and well below the hopeful 128.5 expected. While the Present Situation picked up modestly, the Future Outlook weakened: Present situation confidence rose to 170.0 vs 166.6 last month Consumer confidence expectations fell to 97.4 vs 100.3 last month