As Americans recover from their extended Thanksgiving feasts, they were faced with the news of skidding consumer confidence. The Conference Board’s Consumer Confidence Index weakened to levels just above the lows seen during the post-COVID expansion.
The University of Michigan’s Index of Consumer Confidence, which was released in early November, was even worse.
Before turning too bearish, investors should be thinking about the silver linings in this dark macroeconomic cloud of weak consumer confidence. The S&P 500 is near record highs this Thanksgiving and there are several things that equity investors should be thankful for.
The University of Michigan’s Index of Consumer Confidence, which was released in early November, was even worse.
Before turning too bearish, investors should be thinking about the silver linings in this dark macroeconomic cloud of weak consumer confidence. The S&P 500 is near record highs this Thanksgiving and there are several things that equity investors should be thankful for.
The full post can be found here.
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