US Consumer Confidence Tumbles In December As ‘No Significant Momentum’ Seen

US Consumer Confidence Tumbles In December As ‘No Significant Momentum’ Seen

Not surprisingly, consumer confidence in the US fell again in December, The Conference Board said Tuesday. The headline print came in at 88.6, down from a revised 92.9 in November and far below consensus, which was looking (hoping?) for 97. The forecast range was 90 to 104.4 from nearly five dozen economists. So, this was worse than the most pessimistic guess. The present situation gauge tumbled, dropping to 90.3 from 105.9. Expectations, on the other hand, rose to 87.5 from 84.3. Needless
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One thought on “US Consumer Confidence Tumbles In December As ‘No Significant Momentum’ Seen

  1. Going forward it does not take ‘rocket science ‘ to figure out that the damage in an Economic sense is yet to come.. It has been overlooked in favor of more dire issues that came after the second quarter of 2020 when early estimates indicated this virus would be on it’s way out….Not the only ones that bought that estimate were the levels of the stock indexes and they last I heard are /were inanimate….
    I remember H….telling us correctly that Stimulus and Income are related (sort of)…. I think that means the numbers thus derived are treated in a similar fashion if one does not wish to pick apart differences which are blaring.. So the public (who ain’t as dumb as some think ) is onto the fact that there are issues that have not been honestly articulated in the mainstream media as of yet..
    I am purposely a little vague here so as not to create ideological or philosophical conflict but I do wonder what the spin will be to explain away superior market performances to come , which everyone ( maybe mistakenly) expects and seems to be ‘banking on’…..
    I feel like buying any dip but been there done that…with mixed results…. Sure do thank Charlie M and H…. and Harley for some really invaluable insights..

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