Crisis Of Confidence

Crisis Of Confidence

Consumer confidence tumbled in August amid Delta variant hand-wringing and inflation concerns. Earlier this month, the University of Michigan's consumer sentiment gauge plunged to the lowest in a decade on what the survey's Chief Economist Richard Curtin described as "an emotional response, mainly from dashed hopes that the pandemic would soon end." That opened up a rather glaring disconnect between the Michigan gauge and the Conference Board's index, which Morgan Stanley's Mike Wilson helpful
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One thought on “Crisis Of Confidence

  1. Despite all of the above, SP50 grinds to new records. So what happens in mid-late 4Q, when “peak Delta” and “peak inflation” join “peak Fed” in the rearview mirror, and Covid cases are declining and consumer sentiment recovering in the seasonally strongest market period?

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