Consumer Confidence Drops

According to Bloomberg News: The Conference Board index, monitored by analysts as a signal of future consumer spending, dropped in October to 125.9 for a third-straight decline.  Bloomberg, October 27, 2020 Furthermore, waning consumer confidence can also indicate a lack of confidence in the labor market, in other words, consumers may be spending less in anticipation of lost wages or…

Continue Reading

Confidence Slipping, Mind the Gap

Consumer confidence on Main Street, as measured by the Conference Board, is waning, dipping lower than levels at the height of the shelter-in-place orders in April, in direct opposition to the rapidly improving confidence of Wall Street from the lows in Spring 2020. And, yet, that same Wall Street confidence only constitutes 10% of Americans who own 87% of the…

Continue Reading